Are you an administrator looking to save money on energy bills and renovate your infrastructure? If yes, Grant Capital Management is here to inform you about how to do just that. We are here to share with you, the details of Energy Savings Performance Contracts and how your organization can benefit from using an Energy Savings Performance Contract to finance the installation of energy efficiency renovations without any increment in your budget.. We are a leader in providing tax-exempt lease-purchase financing to the State and Local Government, K-12 school districts, College and University, Convention Center, Airport, Department of Corrections and Public Housing Authority market segments.
What are Energy Savings Performance Contracts?
Energy savings performance contracts, also known as ESPC, allow agencies to make critical energy infrastructure enhancements by utilizing the utility savings produced by the project to pay the debt service. This is a budget neutral solution for the organization. It frees your budget from ongoing maintenance costs and provides utility savings.
More and more administrators are increasingly investing in ESPC projects and renewable energy initiatives so they may achieve air quality, economic and energy goals utilizing the savings to pay the debt service.
An ESPC is a partnership between an agency and an energy service company (ESCO). During the ESPC, The ESCO conducts a comprehensive energy audit for your facility and identifies improvements to save energy. When these improvements are accomplished, the ESCO designs and constructs a project made to meet your requirements. In most cases, Grant Capital Management arranges the necessary funding to successfully start and complete the project.
The ESCO guarantees that the improvements will generate enough energy cost savings to pay for the project over the term of the ESPC. Once the contract is complete the agency receives the full benefit of energy efficiency savings.
The following are just a few of the many benefits ESPC can provide to your energy efficiency projects:
- The savings are guaranteed. If the guaranteed level savings are not realized, the ESCO has to write a check to the agency to cover the shortfall
- Reduces utility expenses.
- Reduces repair and maintenance costs.
- ESPC will help your organization meet energy efficiency standards through renewable energy, water conservation and emissions reduction..
- ESPC will provide healthier, safer working and living environments.
- Contracts guarantee energy operation and maintenance cost savings.
- ESPCs provide a hedge for your organization against rising utility costs
- The agency gets to renovate its facilities from an energy perspective without having any increment in its budget.
ESPC Examples of energy enhancements that ESPCs can help your agency to implement include but are not limited to: Water conservation, HVAC system Upgrades (heating, ventilating and air-conditioning); lighting upgrades; motors and variable frequency drives; and, building control and monitoring systems.
Lease-purchase financing used in conjunction with Energy Savings Performance Contracts gives you, as a public administrator, the ability to provide the necessary municipal services to citizens when they need them . . . instead of waiting for the next capital budget approval.
Grant Capital Management is available to help you make the right Energy Savings Performance Contract choice(s).
Click the links below to view our energy project transaction portfolio.
| Energy Performance Contracts
| U.S. Public Housing Authorities Energy Performance Contracts
We have helped: state, county and city governments, school districts, water and sewer authorities, public colleges and universities and public hospitals throughout the United States finance their projects.
Grant Capital’s relationships with various investors in the marketplace, allow us to provide customized financing solutions at competitive market rates for our customers’ projects.
Our dedicated public sector experts are focused solely on the unique challenges of government clients and guide customers through the process of using a tax-exempt lease vehicle to finance their capital projects. Our specialists support government agencies in securing tax-exempt financing for almost any type of essential capital equipment or real property.
In addition to providing financing, Grant Capital Management also has the capability to provide Project Management services to assist our clients with vendor selection, contract negotiation, and project management when conducting an energy performance contract. We have the expertise to act as “Owner’s Representative” and ensure that our clients have a well-managed, cost effective, and productive project.
Take advantage of our track record and experience.
Grant Capital Management is a leading provider of tax-exempt lease-financing to the public sector. We finance almost any type of essential-use capital equipment, real property or Energy Performance Contract. Since 2000, we have funded over $4 billion in lease financing Grant Capital designs master leases, taxable and tax-exempt lease-purchase agreements and operating leases from $500,000 to $60 million and beyond with terms in excess of 20 years to meet our clients’ specific requirements.