Reducing power consumption is one of the best ways to cut your indoor cultivation costs.
Energy efficiency incentives
Many utilities offer programs that can reduce a grower’s upfront costs for cultivation equipment, such as LED grow lights and HVAC systems, by 50% or more. New construction projects, or total gut refurbishments, offer even better opportunities for incentives.
However, according to Cannabis Business Times’ State of the Lighting Market Survey, many operators still do not apply for these incentives. Eligible applicants often don’t know that these programs even exist. Or, just as frequently, overburdened staff don’t complete or even begin the overwhelming application process. As a result, growers across the country are losing out on millions of dollars of free money to reduce their electricity or gas usage.
At Climate Resources Group, we help our customers afford energy-efficient technology by ensuring that they get every cent of utility or state incentives they deserve.
Read more about our energy efficiency incentive services
What we do when you hire us for energy efficiency incentive support
1. Explore the situation
- Discuss high-level project contours, including proposed project equipment, design parameters and project milestones
- Review utility program terms and conditions for eligibility
2. Exploit the opportunity
- Gather and develop materials, including calculated project energy savings and financial data
- Assemble application, including comprehensive narrative and energy savings model
3. Execute the plan
- Engage with utility or program administrator as early as reasonably possible
- Submit application materials, maintain communication throughout process. Get you paid!
Other important ways cultivators can lower their energy bills
Whether or not cultivators use energy-efficient equipment, there are other ways that growers can reduce their power bills. Our trusted network of partners can help you with any of these important steps.
- Understand your power bill. Most consumers spend less than 9 minutes a year thinking about their energy use. Even growers who spend tens of thousands of dollars a year on their utilities often to do not give adequate attention to them, potentially ignoring significant opportunities to cut costs.
- Collect and analyze your energy data. If you are serious about getting a handle on your power bill, you will need to understand what aspects of your grow are using the most electricity. The Cannabis Power Score helps cultivators assess their energy performance relative to industry benchmarks and gauge how competitive their facility is.
- Get a better deal on your electricity supply. Yes, you can negotiate a better price for electricity! Doing so will give you much greater flexibility and choice over the type of power you want (made from renewable energy, made from local sources, or the cheapest possible) and the level of risk you are comfortable with.