Clean Water State Revolving Fund (CWSRF) Program – Water/Energy Audit
Highlights
This program offers you up to $35,000 to cover the costs of water and energy audits for your business. These audits can identify ways to save on utility costs and improve your operational efficiency. By focusing on water, energy, or both, you will gain valuable insights into resource management that can significantly enhance your bottom line.
An appealing aspect of this program is the principal forgiveness, which means you won’t need to pay back the funds used for the audits. This can provide substantial financial relief, allowing you to invest in other important areas of your business. Additionally, participating in this initiative demonstrates your commitment to sustainability. A reputation for eco-friendly practices can attract customers who value such efforts, which can further drive your business growth.
The application process is straightforward and designed to support businesses like yours. You can utilize your staff or hire consultants for the audits, making it adaptable to your needs. This is a great chance to enhance your operational efficiency while making a positive impact on the environment.
Financing Details
This financing comes in the form of principal forgiveness for eligible audit costs. You can receive up to $35,000 to cover 100% of the audit expenses. This means if you qualify, you won’t have to repay this funding.
Eligible Expenses
Funds can be used for:
- Conducting comprehensive audits related to water and energy projects.
- Paying for consultant services or staff efforts in performing the audits.
Restrictions on Use
The funding cannot be used for:
Non-compliance costs or any expenses outside the scope of eligible audit projects.
Fees
There are no fees associated with this program. You can focus on maximizing the benefits without any extra charges popping up.
Qualifications
- Must be a city, town, district, or other public body created under state law.
- May include Native American tribal governments or authorized Native American tribal organizations having jurisdiction over waste disposal.
- Open to designated and approved management agencies under Section 208 of the Clean Water Act.
- Nonprofit organizations such as 501(c)(3)'s and National Estuary Programs are eligible.
- No minimum or maximum number of employees required.
- No minimum or maximum revenue qualifications.
- All legal structures are applicable.
- All profit structures are applicable.
Disqualifications:
- Private businesses or for-profit companies are not eligible unless they fall under the specified categories.
Description
The program offers you up to $35,000 to cover the costs of water and energy audits for your projects. These audits can help identify ways to save on utility costs and improve efficiency in your business operations. Whether you decide to focus on water, energy, or both, this funding can support your efforts to create a more sustainable future.
You have the flexibility to hire consultants for the audits or utilize your own staff. If approved, the program can provide principal forgiveness, meaning you won’t have to pay back the funds used for the audits. This can provide significant financial relief while helping you make informed decisions about resource management.
Participating in this program positions your business to not only save money but also demonstrate your commitment to sustainability. This can enhance your reputation and potentially attract more customers who value environmentally-friendly practices. The potential to improve efficiency and cut costs is a clear win for your bottom line.
Program Steps
Gather Necessary Documentation
Prepare the following documents to support your application:- Business identification documents (e.g., tax ID, business license)
- Financial statements (e.g., balance sheet, income statement)
- Project proposals or descriptions of the audits you plan to conduct
- Quotes or estimates from consultants (if applicable)
Complete the Application Form
Fill out the application provided on the program's website. Ensure all sections are complete and accurate.Submit Your Application
Send your application and the collected documentation through the designated submission method outlined on the program website.Follow Up on Your Application
After submission, reach out to the program contact to confirm receipt of your application and inquire about the timeline for funding decisions.Prepare for Audit Planning
Plan for the audits by deciding whether to hire consultants or utilize your staff’s capabilities. Begin discussing potential audit dates and scopes with your chosen team.Receive Notification of Funding Approval
Once your application is reviewed, you will be notified of your funding status. Be prepared to provide any additional information if requested.Proceed with the Audit
Upon approval, schedule and conduct the water and energy audits as planned. Ensure you keep records of all processes, findings, and expenses.Document Your Savings and Improvements
After completing the audits, keep track of the savings achieved and any operational improvements made. This information can strengthen your business case for future funding opportunities.