Funding
Our Solutions
Our Initiatives
Our Initiatives
Why Funding Matters
Natural refrigerant systems and equipment are often associated with upfront cost premiums compared to traditional HFC technologies. Since natural refrigerants are not a “drop-in” solution, transitioning from HFCs requires a costly and logistically challenging complete refrigeration system replacement for existing facilities. This cost burden is particularly difficult for small and independent businesses and those operating in under-resourced communities, as these businesses often lack the financial resources to transition their facilities.
Our Solutions
Funding mechanisms to offset the cost of natural refrigerant technologies can accelerate the transition from HFC refrigerants and drive adoption volumes toward achieving economies of scale. Funding support is crucial for small and independent grocers disproportionately impacted by the refrigerant transition and other regulatory pressures. NASRC cost solutions focus on coordinating incentive funding and developing new financial mechanisms to support the transition from natural refrigerants.
Our Initiatives
California F-Gas Reduction Incentive Program (FRIP)
NASRC is the third-party administrator for the California Air Resources Board’s CARB F-gas Reduction Incentive Program (FRIP), a $65 million incentive program to facilitate the replacement of high-GWP HFC equipment with ultra-low-GWP equipment. Leverage these funds to help get your facility ahead of state and federal regulations.
Our Initiatives
California F-Gas Reduction Incentive Program (FRIP)
NASRC is the third-party administrator for the California Air Resources Board’s CARB F-gas Reduction Incentive Program (FRIP), a $65 million incentive program to facilitate the replacement of high-GWP HFC equipment with ultra-low-GWP equipment. Leverage these funds to help get your facility ahead of state and federal regulations.
New York State Grant Program
Thanks to a NYS Department of Environmental Conservation grant, NASRC offers funding to support retailers transitioning from high-GWP HFC refrigerants in New York State to ultra-low-GWP refrigerants. This funding opportunity supports full or partial remodels to natural refrigerant systems in existing stores serving under-resourced communities in the state.
New York State Grant Program
Thanks to a NYS Department of Environmental Conservation grant, NASRC offers funding to support retailers transitioning from high-GWP HFC refrigerants in New York State to ultra-low-GWP refrigerants. This funding opportunity supports full or partial remodels to natural refrigerant systems in existing stores serving under-resourced communities in the state.
Carbon Financing
Carbon financing is a financial mechanism that leverages the revenue from the sale of carbon offset credits to reduce the initial capital costs of carbon-reducing projects. Carbon offset credits are determined based on reductions in carbon dioxide or other greenhouse gas emissions that have been quantified and verified by an approved protocol. A 2020 pilot conducted by NASRC and Therm laid the groundwork for Therm’s robust Refrigerant Carbon Credit Program to offer this solution to end-users on a much larger scale.
Carbon Financing
Carbon financing is a financial mechanism that leverages the revenue from the sale of carbon offset credits to reduce the initial capital costs of carbon-reducing projects. Carbon offset credits are determined based on reductions in carbon dioxide or other greenhouse gas emissions that have been quantified and verified by an approved protocol. A 2020 pilot conducted by NASRC and Therm laid the groundwork for Therm’s robust Refrigerant Carbon Credit Program to offer this solution to end-users on a much larger scale.
Support for New Programs
Looking to build a new incentive program? Whether you’re a utility, state agency, or other entity, NASRC can serve as a resource for your new program. We offer a wealth of experience building and coordinating incentive programs, an extensive network of industry stakeholders needed for a successful program, and a dedication to expanding funding programs across North America.
Support for New Programs
Looking to build a new incentive program? Whether you’re a utility, state agency, or other entity, NASRC can serve as a resource for your new program. We offer a wealth of experience building and coordinating incentive programs, an extensive network of industry stakeholders needed for a successful program, and a dedication to expanding funding programs across North America.