FUNDING & GRANTS AVAILABLE FOR WATER CONSERVATION RETROFITS

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PLEASE CONTACT UTILITY TRUST @ 727-501-2202
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The Utility Trust Water Conservation Funding Program provides an optional method of providing capital for Water Conservation retrofit projects. By using the Utility Trust Funding Program many times Water Conservation projects can be implemented immediately without having to delay projects to wait for budget funds or alternate sources of capital.

Utility Trust is a Business Trust that is not focused on profit. Its sole mission is to provide capital and related services for conserving natural resources, reducing emissions, and lowering burdens on the sanitary sewer infrastructure and related treatment facilities.

The Utility Trust Funding Program is unique and does not operate like typical finance, lease or energy service performance (ESCO’s) programs. Utility Trust does not share in the savings and there is no fixed payment or fixed term for the payback of the retrofit funds. The only payment obligation is to pay the actual amount saved in sewer and water charges as a result of implementing a Water Conservation Program until the cost of the retrofit is paid for.

The Utility Trust Funding Program, compared to other funding options, is very simple, straight forward and without risk to facility owners who utilize the program. The only obligation for participating facilities during the retrofit payback period, starting the first month after the retrofit is complete, is to pay each month the same amount as they did in the same month of the previous year for water and sewer charges. Utility Trust applies the difference between the facilities previous years same month water and sewer charge and the new monthly water and sewer charge until the retrofit cost is paid. Any savings realized from reduced water heating cost and maintenance savings as a result of implementing the Water Conservation retrofit does not have to be applied to the retrofit payback and are an immediate benefit to the owner of the facility.

Utility Trust also does research on each project that it funds for Water Utility Rebates and/or Grants that might be available to pay part of the Water Conservation retrofit cost which funds if available do not have to be repaid.

To implement the Utility Trust Funding Program and the Rebate / Grant funds search it is required that a Certified Water Conservation Study be completed by a Representative of a participating Manufacturer of Water Conservation Products.

 

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