HVAC Engineering Loyola Chicago, IL2018-10-29T09:01:10+00:00

What Can Our HVAC Engineers in Loyola Chicago Do For You?

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If you re looking for a reliable HVAC Chicago? The one to go to is New York Engineers. Not only for HVAC Firms in Chicago but also Electrical Engineering and Sprinkler Design Engineering in Loyola Chicago. Contact us at (312) 767.6877

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Value Engineering Examples

For more than ten years the majority of building owners throughout Uniondale, NY already know that NY Engineers is the engineering firm to contact when you’re ooking for Construction Engineering in NYC. What many local real estate investors have not realized is the NY-Engineers.Com is also your best choice if you are searching for HVAC Engineering services in Loyola Chicago, Illinois. Those who need additional details on what Loyola Chicago HVAC design engineers do? It is a unique profession which inclides a detailed selection of duties. An HVAC design personel will be asked to go through several concundrums to resolve the original issue. This career calls for special talent, professionalism, and the cabability to control time prudently.

As soon as an HVAC engineer is licensed to operate, they will be hired by an engineering business and start to operate several cooling, heating and refrigeration systems. Their function is usually to draw up new and replacement options based on their customer’s requests. Every single client will have an original set of wants whether or not it is related to developing codes or individual performance prospects. Making use of this material, the engineer sets off on a journey towards creating something that’s eco-friendly, energy-efficient and well suited for the setting it’s going to be utilized in – (residential/commercial/industrial). They are generally responsible for the first creations and overseeing the particular installation.

On the whole, an HVAC design engineer in Loyola Chicago will probably be seen working at a design company or maybe in a consulting firm according to their many years of expertise. Most engineers switch right into a consulting job because they grow older and achieve a better understanding of what’s expected of them.

Comparison: HVAC Engineer vs HVAC Technician

HVAC Engineer and HVAC Technician are frequently mistaken for each other. Still, they have got separate job functions when it comes to running HVAC systems. It is crucial that you know the variance both as being a parton and as a professional

An HVAC technician in Loyola Chicago carries a more practical job, meaning they are generally seen visiting a client’s home to deal with their current system. They generally handle the repairs, installations, and general care that is required every now and then. Almost all of their jobs are done alongside your client, which implies they must realize how to connect with people in the correct manner.

By having an HVAC engineer, they are accountable for designing a brand new HVAC system and ensuring that it fits exactly what a customer is after. It needs to fit precisely what the home owner needs if it involves their setup, property, or everything associated with new system. They are also brought in to consult on HVAC creations to make sure things are in accordance with modern standards. That is why they can find themselves hanging out in consulting tasks or at local engineering businesses. This is actually the distinction between these two career paths; HVAC Technician vs HVAC Engineer. There is a great possibility you would like more details about the HVAC Engineering services in Loyola Chicago, Illinois by NY Engineers you should take a look at our blog.

New Loyola Chicago HVAC Engineering Related Blog Article

How to Finance Value Engineering for Building Energy Performance Upgrades

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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.

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