Miami-Dade County and Honeywell collaborate to advance resilience goals
Miami-Dade County recently received a $198,000 rebate related to its work with Honeywell International, Inc., to support energy and infrastructure improvements at PortMiami. The rebate was made possible through an energy savings performance contract that qualifies for federal tax incentives and provides guaranteed savings that allow the County to fund the project over a 16-year period.
In addition to the cash rebate, the County’s Office of Resilience saw improvements in energy performance, resulting in a 2,695,085 kWh annual electric savings and a reduction in greenhouse gas emissions by 3,071,041 pounds per year. These improvements contributed to the County’s resilience goal of reducing 2008 greenhouse gas emissions levels 80 percent by 2050.
This rebate relates to the federal 179D allocation, a tax benefit established through the 2005 Energy Policy Act. The Act created a tax deduction of up to $1.80/sq. ft. for qualifying building retrofits and new construction projects. Since government entities do not pay taxes, under the 179D Special Rule for Government-Owned Buildings, they may allocate the benefit to a tax-paying ‘designer’ and receive savings in return for the allocation. In this case, Honeywell worked with the County to achieve this tax benefit through the implementation of an energy performance contract. The County has worked with Efficiency Energy, LLC, since 2012 in administering its 179D allocation process.
According to the U.S. Department of Energy, nearly one-third of the energy used in a typical public building in the U.S. goes to waste. These buildings can be made up to 80 percent more efficient with new and existing technologies. An energy efficient government not only allows public entities to often spend more on public services and less on utility bills, it also can reduce operations and maintenance costs. In addition, investing in improved energy performance can generate jobs and economic growth.
“Under my leadership, our County continues to focus on finding efficiencies and saving money, so I am very pleased by the initiative shown by the Office of Resilience, the Department of Regulatory and Economic Resources, Internal Services Department and our private-sector partners to help bring savings to our community,” said Miami-Dade County Mayor Carlos A. Gimenez.
“Miami-Dade County is a taking a leadership position in its efforts to aggressively conserve energy, water, mitigate the effects of climate change and reduce greenhouse gas emissions,” said Felicia McDade, Director of Honeywell’s Southeast Energy Services Team. “Honeywell is proud to work with the County in advancing its sustainability goals for resiliency and energy efficiency for the residents of Miami-Dade County.”
About Honeywell Building Technologies
Honeywell Building Technologies (HBT) is a global business with more than 23,000 employees. HBT creates products, software and technologies found in more than 10 million buildings worldwide. Commercial building owners and occupants use our technologies to ensure their facilities are safe, energy efficient, sustainable and productive. For more news and information on Honeywell Building Technologies, visit http://www.honeywell.com/newsroom.
Honeywell (www.honeywell.com) is a Fortune 100 technology company that delivers industry specific solutions that include aerospace products and services, control technologies for buildings and industry, and performance materials globally. Our technologies help everything from aircraft, buildings, manufacturing plants, supply chains and workers become more connected to make our world smarter, safer and more sustainable. For more news and information on Honeywell, please visit www.honeywell.com/newsroom.
About Energy Efficiency, LLC
Efficiency Energy, LLC, is a Denver, CO and Washington, DC-based tax-consultancy that has worked with state, local and federal agencies to implement 179D allocation programs and to manage and realize savings from qualifying projects.
For more information on resilience, visit https://www.miamidade.gov/green/.