Financing Options

  • Utility, Local, State, and Federal Incentives
  • Integrated Systems Packages – An integrated system package financing option is a type of financing that combines multiple financing options into one package. This type of financing is used by businesses to finance large projects, such as energy efficiency upgrades, renewable energy projects, and building resiliency measures. This type of financing typically includes a combination of grants, loans, tax credits, and other incentives that can be used to help fund the project. This allows businesses to spread out their costs over a longer period of time, making it easier to manage their cash flow and budget.
  • Energy Savings Performance Contracting (ESPC)
    • Turnkey service providing comprehensive set of energy efficiency, renewable energy and distributed generation measures
    • Project savings guarantee (sufficient to finance the fill cost of the project)
  • Energy Services Agreement (ESA)
    • Traditional ESA – equipment owned by ESCO; owner pays utility bills
    • Managed ESA (MESAs) – utility bills managed by an investment fund
    • Energy/Efficiency-As-A-Service – includes equipment upgrades and replacements, manage bills and suggests alternative energy sources
  • C-PACE – Commercial Property Assessed Clean Energy – assessment on property tax bill to pay for improvements
    • C-PACE (Commercial Property Assessed Clean Energy) is a financing program that provides low cost, long-term financing for energy efficiency, renewable energy and water conservation improvements to commercial properties. C-PACE financing is typically repaid over a period of up to 25 years via an additional assessment on the property tax bill. C-PACE finances deep retrofits and is available to commercial property owners, including businesses, nonprofits, public and private universities, and other non-residential entities.
  • Power Purchase Agreement – typically used for renewable energy projects
    • A power purchase agreement (PPA) is a contract between a buyer and a seller to purchase the energy produced by an energy generation project. It is a form of long-term energy contract that allows the buyer to purchase energy at a fixed or variable rate over an extended period of time. PPAs can be used to finance renewable energy projects, such as solar or wind, as well as energy efficiency projects. In some cases, the buyer may be able to purchase the energy at a discounted rate.
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