President Obama announces fixed asset energy upgrades
December 12, 2011
President Barack Obama recently announced a nearly $4 billion investment in energy-related fixed asset
upgrades to public and private buildings across the nation.
The Houston Independent School District - the largest of its kind in Texas - is one recipient of the funding. The energy efficiency project will include improvements to fixed assets
, water conservation measures and behavior initiatives, and will help the district meet its goal of a 30 percent energy reduction by 2015. In addition to reducing consumption, the upgrades will also encourage learning by providing a more conducive educational environment.
"Upgrading the energy efficiency of America's buildings is one of the fastest, easiest, and cheapest ways to save money, cut down on harmful pollution and create good jobs right now," said President Obama.
Other organizations that have pledged to overhaul their processes and reduce energy consumption under the initiative include Pennsylvania-based Allegheny College and the city and county of Denver, Colorado.
The energy efficiency effort is likely to involve the retirement of some assets and the acquisition of others. Products such as Sage FAS Fixed Asset Accounting
Software's Government and Schools offering can help organizations keep their records up-to-date.