The Utility Modification Revolving Fund (UMRF) is the University’s take on an energy efficiency revolving fund. Such funds provide internal capital for high-performance, energy-efficiency projects that reduce utility consumption and costs. Those savings feed back into the fund to replenish it and provide a mechanism for the ongoing funding of sustainability improvement projects to reduce the institution’s greenhouse gas footprint and create significant economic gains over time. Many of these kinds of projects would be difficult to finance without access to such a dedicated, self-renewing monetary source. The UMRF will allow the University to tackle key deferred maintenance, while also working toward high-priority initiatives identified in the forthcoming University of Arizona Sustainability & Climate Action Plan.
The University of Arizona is committed to promoting sustainability practices in campus design, construction, operations and maintenance, and throughout the daily life of University community members. The University is committed to bringing about reductions in greenhouse gas emissions and utility use, with the long-term goal of achieving climate neutrality by or before 2040. The UMRF promotes these objectives by funding innovative projects that will reduce greenhouse gas emissions and utility use in alignment with the University’s academic mission while also reducing utility costs. The UMRF was created with an initial allocation of $1.25 million from the Division of Business Affairs. The UMRF is intended to be mainly self-funding and to grow over time via the revolving mechanism.
Applications for the UMRF are currently closed, please check back later or email firstname.lastname@example.org.