March 28, 2024

Get Your Hands on Stimulus Money

Gus Ezcurra, CEO of Advanced Telemetry, explains how business owners can take advantage of the stimulus bill's energy rebates.

Entrepreneur | 4/16/2009

Gus Ezcurra knows energy efficiency. In late 2007, he founded Advanced Telemetry, a company that offers small business customers an energy management device called EcoView, which monitors energy consumption and delivers information on conservation and pricing. The device allows business owners to modify their behavior and save on costs of everything from water and electricity to natural gas and heating, ventilation and air conditioning systems.

Currently, Advanced Telemetry works mostly with residential customers and franchisees in quick-service and casual dining restaurants, but is in the process of expanding EcoView for use in convenience store chains and multiple-building environments.

Entrepreneur: Is the stimulus bill working in the energy sector?
Gus Ezcurra
: Yes. We've already seen some benefits.
The stimulus has allocated $49.7 billion toward green energy technology. A lot of money is earmarked for renewable energy projects but almost half has been allocated to energy efficiency and an electric smart grid.

The government was looking to do some projects as quickly as possible, and saw that the fastest way to get money to the economy was to pass it to the state governments that already had programs in place for energy rebates and things like that.

A lot of the money allocated in the states was drying up for the rebates, but now the stimulus money has re-energized those programs. We're working with some state governments to get some quick approvals for rebates for our commercial customers. If you can get your local politician representative to kind of sponsor you with the Department of Energy, then things seem to move a little bit quicker.

I have to say that the government has made a big effort … to cut out as much bureaucracy as a government can cut out in these kinds of programs. We're quite pleased. The money is there and I know some of it has already gone to companies, especially alternative energy companies.

Read more of this story from Entrepreneur.com

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