Facilities Dive
Summary
Boston and the state of Massachusetts are trying to boost their energy infrastructure through financing programs, laws and executive orders. Last May, Governor Maura Healey proposed the Energy Affordability, Independence & Innovation Act to provide financing to reduce the upfront costs of geothermal projects, which are significantly more affordable to operate once built, per the release.
The bill would reduce the up-front cost to build geothermal networks and establish new financing tools for customers to install equipment to more efficiently heat and cool buildings, according to a legislative fact sheet. These proposed changes are ideal for large colleges, businesses and hospital campuses that are looking to lower their energy use, costs and emissions related to building heating and cooling, the Mass Clean Energy Center said in its release.
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