Funding for Energy Upgrades, Solar and Wind Projects

With $2.5 Billion available in private equity funding, large scale properties can now qualify for money to install solar and wind power projects, new equipment, replace old lights with energy-efficient induction lights that last for 25 years, and other retrofits that dramatically reduce energy consumption and offset escalating energy costs. Recipients repay the fund from the savings recouped from their reduced kilowatt usage on their electric bills. To apply for RED funds, please contact Charlene on Green at 808-284-7071 or email This e-mail address is being protected from spambots. You need JavaScript enabled to view it . Or, download brochure and application form at http://www.charleneongreen.org/induction_lighting_replacement_charleneongreen.pdf

The fund, called Reduce Energy Dependence (RED) Utility Savings Program, is administered by the National Eco Friendly Lighting Dealers Association (NEFLDA), a 501(c)6 non-profit organization, in partnership with Architectural Detail Group (ADG), maker of eco-friendly lighting products along with other private equity funders.

Real estate professional Charlene on Green, RA, is a media sponsor of RED. Through her TV and Radio programs she educates and facilitates businesses, institutions and government properties seeking access to RED funds for energy-efficient upgrades and solar energy projects with no out-of-pocket costs.

The objective of RED, its partners and its sponsors is to eliminate the monetary risk by providing quick access to funds to reduce energy consumption, reduce carbon emissions, reduce waste, and reduce maintenance costs. There is no upfront cost and no collateral required, the repayment of the fund is tied directly to the savings gained off the electric bill.

The advantage of RED funding is that participants claim the full benefits of the leased retrofits and energy-related products during the funding period and claim full ownership after the fund is repaid in full. Funding terms range from one to 10 years. Local and Federal rebates, tax incentives, and increased savings increases the return on investments, while reducing the payback period, depending on the rate per kilowatt hour energy charge.

Funding partners and underwriters review and approve disbursement for qualified expenditures within 7-10 business days and projects commence within 30-60 days after approval. Businesses reduce the number of kilowatts used per month by about 50 percent.