Electrical Engineer Service Cranston Rhode Island2019-03-06T04:24:07+00:00

Electrical Engineer Services in  Cranston Rhode Island

Construction Engineering Vs Civil Engineering

From Kansas to Nebraska home renovation contractors have come to rely on New York Engineers when they need reliable MEP Engineering Services in or near Cranston Rhode Island. However, it is vital to note that we are more than that! We are eight national engineering company offering not only design but also consulting services. Even though our focus is in mechanical, electrical and plumbing (MEP) installations. New York Engineers offers a range of services to property developers and business owners. These services range from designing mep systems of adequate capacity according to building conditions, meeting the specific needs of each client to consulting services for existing buildings, to detect performance issues and promising upgrades. this includes energy efficiency measures and renewable energy systems and more. As of late we have seen a considerable for Electrical Engineers in Cranston Rhode Island. That is an area where we is good at!

Good reasons to hire NY Engineers for your electrical engineer projects? If you’re in the process of organising a huge project, which project requires electrical work, you should think about hiring an electrical engineer. You may even want to investigate employing a pro for those who have electrical problems that you’re attempting to solve. Why should you be hiring a professional? Below are some of the perks you’ll be capable of enjoy if you deal with an Electrical Engineer.

They’ll See That You Avoid Huge Errors – It’s not rare for people to make mistakes when it comes to electrical work. Sadly, most of these errors can have devastating consequences. You’ll want to work alongside someone who is mindful of precisely what may go wrong. In the event you hire someone who has the right expertise, they’ll be able to ensure that the job that you’re planning, goes off without a hitch.

They Can Provide A Lot Of Useful Advice – You might not have much exposure to electrical work. Thankfully, these pros have plenty of knowledge which you don’t. They’ll be able to give feedback and advice that can be truly helpful to you. If you do find yourself utilizing someone such as this, you’ll find yourself taking lots of their comments aboard.

They Can Aid You To Complete A Project On Schedule – A lot of projects like this wind up getting delayed, and these types of delays are often very costly. If this is a thing that you’d want to prevent, an experienced are able to ensure you won’t go off your schedule.

There are many reasons to think about hiring an electrical engineer. If you’re arranging a major project, and you think that you could use an engineer, you should begin talking to some professionals which are in your general area. At NY Engineers, we have helped a great number of developers who were looking for Electrical Engineering Services in Cranston Rhode Island with not only that but also services such as Building Commissioning Engineering Services. If you would like more info on the services NY-Engineers.Com we ask that you take a look on our blog.

Blog Related to Electrical Engineer Services in Cranston Rhode Island

How to Finance Value Engineering for Building Energy Performance Upgrades

HVAC Engineering Jobs

The business case for energy efficiency measures and renewable generation is often favorable. This is especially true in major cities, once you factor in the high cost of electricity and gas. Value engineering certainly has its place in these performance standards. However, the main barrier for many of these projects is the upfront cost; although the long-term benefit is greater, the short-term impact on cash flow can be significant.

Even if a company has the capital for energy efficiency and renewable generation projects, there is an opportunity cost – company owners and managers may prefer to reinvest these funds in their business to get additional profit. Fortunately, there are many alternatives that make building upgrades easier to afford. The following are some examples:

  • Getting a loan with favorable terms and using the savings achieved to pay it off.
  • Taking advantage of tax incentives for energy efficiency and renewable generation.
  • Rebate programs from utility companies or from the government.
  • Power purchase agreements (PPA), in the case of renewable generation.

The availability of these benefits may vary by location or by type of project. Also keep in mind that not all projects provide the same return for each dollar spent upfront; before proceeding with building upgrades, identify the most promising projects through consulting.

Financing Building Upgrade Projects with Low-Interest Loans for the Best in Value Engineering

You can use the bank’s money for energy efficiency measures and renewable generation systems, and then pay off the loan with the savings achieved. However, you need favorable loan terms to make this approach feasible:

  • If project savings are higher than debt service, the project can pay for itself and still leave net savings in your pocket, starting from the first month of operation.
  • If debt service is higher you will still have to assume part of the project cost, but the net cost will still be less than if you had paid upfront.

Loan financing involves giving up part of the project’s savings to cover interest, but in exchange you get the upgrade at zero upfront cost. Financial analysis is very important: taking a high-interest loan for a project that offers moderate savings can actually result in losing money. In other words, energy efficiency and renewable energy upgrades are not something you can normally finance with a credit card.

Taking Advantage of Tax Incentives

There are two main types of tax incentives: exemptions and credits. When a certain product or service is not subject to taxes that normally apply, you have a tax exemption. On the other hand, a tax credit is a deduction you can claim from your tax burden. In both cases, cash that would have been spent on taxes stays in your pocket.

Consider the case of solar power, which gets tax benefits in some locations. In both cases, photovoltaic technology gets:

  • Sales tax exemption
  • Property tax exemption for any increase in property value attributable to solar power.
  • Federal tax credit for 30% of the project cost.

Rebate Programs

Rebates are cash incentives for certain types of value engineering projects, which result in a direct cost reduction.

Rebates improve the financial performance of building upgrade projects, but the approval procedure can be demanding. After all, the organization managing rebates will want to ensure their funds are used in projects that have a positive impact. To be eligible for rebates, your project must typically meet certain performance metrics, and the equipment used is normally subject to labeling requirements. For example, lighting rebates normally require labeling from programs like ENERGY STAR or DesignLights Consortium (DLC).

Power Purchase Agreements (PPA)

If you install a renewable generation system through a power purchase agreement (PPA), you are not purchasing the equipment itself – instead, you are agreeing to purchase its energy output for a predetermined period of time. The renewable energy system, typically a photovoltaic array or wind turbine, remains under the ownership of the supplier and they provide maintenance. You get savings from the first month of operation, since the kilowatt-hour price in the PPA is lower than the electricity tariff.

In a PPA, your supplier keeps a portion of savings as profit, which is factored into the agreed electricity price. However, in return you get savings at zero upfront cost and you don’t have to worry about system maintenance.

Although PPAs typically apply for renewable generation systems, a similar concept exists for LED upgrades, called lighting as a service (LaaS). It follows a similar logic as PPAs: your lighting supplier owns and services the installation, and you pay a monthly fee that is lower the savings achieved.

Concluding Remarks

There are ways to get the benefits of energy efficiency measures and renewable generation systems without a sizable upfront expense. However, having a well-engineered project is important regardless of how your purchase it. In fact, performance requirements may actually be higher for projects developed through loans and incentives of high value engineering, since the organizations providing these benefits will want to ensure their capital is used properly.

Top Engineering Firms