by Brianna Crandall — July 23, 2018 — As more building owners, facilities managers (FMs) and executives realize the importance of energy performance, one major barrier that continually stops investment is access to capital.
That’s why the U.S. Department of Energy (DOE) is introducing an updated web-based tool that helps organizations find financing options for energy efficiency and renewable energy projects.
Launching today, July 23, DOE’s Better Buildings Financing Navigator connects non-residential building owners, FMs and energy managers with financiers that are committed to bold investments in energy — to the tune of $12 billion in collective funding since 2012.
The latest version of the Better Buildings Financing Navigator expands the tool’s offerings to include:
- Renewable energy financing options
- Smart database of financing providers that can be searched and filtered
- Compendium of sector-specific and location-specific financing resources
- Updated market data and insights
The original version of the Better Buildings Financing Navigator was released in December 2016 and has helped more than 8,500 users and 40 organizations access financing and educate stakeholders about energy finance, notes DOE.
According to the DOE website, the tool does not cover capital-raising strategies such as bonds, securitization, or secondary market activities.
The Better Buildings Financing Navigator is available for public use at no cost.