The opportunity set for financing sustainability projects is expanding and the economic returns are attractive.

There is an array of financing mechanisms that are worth exploring to fund sustainability projects. Third party financing through Power Purchase Agreements (PPA) and Energy Service Agreements (ESA) and working with ESCOs are fitting for some schools. While other schools are taking advantage of utility rebates and incentives. More internal approaches are beings taken through establishing Green Revolving Funds and Green Community Funds, investing in campus infrastructure through cash reserves, and fundraising for sustainability projects from benefactors. Other options are on the horizon with the Sustainable Endowment Institute’s new initiative the Building Energy Savings Together (BEST) fund. See the Greening of the Bottom Line Report written by the Sustainable Endowments Institute.