Green Revolving Fund
The Green Revolving Fund invests in energy efficiency upgrades and projects that decrease resource use, thereby lowering operating expenses. These operational expenses are returned to the fund and then reinvested in additional projects.
UNC plans to invest in improvements in energy efficiency, water conservation, or renewable energy with the goal of saving energy, reducing carbon emissions, lowering energy expenses and creating regenerating funds for future sustainability upgrades. All projects must be completed in facilities supported through the state appropriated utilities account. Projects will be reviewed by the following criteria:
- Length of Payback Period
- Reasonable Cost
- Total Energy and Water Savings
- Sustainability of Project
- Innovative Technology
- Anticipated Duration of Project Implementation
- Impact on Greenhouse Gas Footprint
- Educational Opportunities
Each project will be judged on an evaluation of all the criteria as well as other considerations. A successful project must result in avoided costs and reduce the resource consumption of the university. The GRF is designed to be used for projects that can provide a short payback.
Project Review and Recommendations
A proposal application must be completed for a project to be considered. Applications are accepted any time throughout the year. Application will be reviewed as they are received. The initial review will be completed by the Energy Management Department of Facilities Services. The review will be based on the criteria and considerations noted above. The Energy Management Department of Facilities Services will send recommendations to the GRF Committee monthly.Green Revolving Fund General Application
Genomics Greenhouse LED Units
The fund outfitted six new growth rooms in the Genome Sciences Building with LED lighting in lieu of fluorescent lighting. These growth rooms are utilized by undergraduate and graduate students, staff and faculty in Genetics, Biology, Chemistry, etc. Approximately $1,000,000 in energy and maintenance cost is expected to be saved in the 20 years, with less than a 3 year payback on the original investment. The LEDs are expected to last 10 times longer than the fluorescent bulbs will significantly reduce the levels of mercury waste produced by the building, which is certified as a LEED silver building.
Renewable Energy Special Projects Committee (RESPC) Revolving Fund
Another funding source available for energy conservation on campus is the Revolving Fund, administered by the Renewable Energy Special Projects Committee (RESPC). The purpose of the RESPC’s Revolving Fund is to help a University receipt supported user become more energy efficient at a lower cost than it would otherwise be without the use of energy efficient products or technology. For more information on the RESPC Revolving Fund please visit their website.