Are you a public administrator of a state, government or municipality looking for Energy Savings Performance Contracts? If yes, Grant Capital Management is here to inform you about the details of Energy Savings Performance Contracts and how your organization can benefit from using an Energy Savings Performance Contract to finance equipment.
What are Energy Savings Performance Contracts?
Energy savings performance contracts, also known as EPCs, allow agencies to make critical energy infrastructure enhancements by utilizing the utility savings produced by the project to pay for them. This approach allows the agency’s existing operating budget to remain unchanged.
More and more administrators are increasingly investing in EPC projects and renewable energy initiatives so they may achieve air quality, economic and energy goals.
An EPC is a partnership between an agency and an energy service company (ESCO). During the EPC, The ESCO conducts a comprehensive energy audit for your facility and identifies improvements to save energy. When these tasks are accomplished, the ESCO designs and constructs a project made to meet your agency’s needs and in most cases, arranges the necessary funding to successfully start and complete the project.
The ESCO must guarantee that the improvements will generate enough energy cost savings to pay for the project over the term of the EPC. Once the contract expires, agencies receive the full benefit of energy efficiency savings, which provides capital for further agency improvements.
The following are just a few of the many benefits EPCs can provide to your energy efficiency projects:
-EPCs will help your agency meet energy efficiency, renewable energy, water conservation and emissions reduction goals through contract funding for energy management projects.
-EPCs will provide healthier, safer working and living environments.
-Contracts guarantee energy operation and maintenance cost savings.
If the guaranteed level savings are not realized, the ESCO has to write a check to the agency to cover the shortfall between guaranteed and actual savings.
Vulnerability is minimized when it comes to budget impacts due to volatile energy prices, weather and equipment failure.
Examples of energy enhancements that EPCs can help your agency to implement include but are not limited to: 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.
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 $3.7 billion in lease financings. 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.
If you need lease-financing services to finance a project, contact Grant Capital Management at 410. 715.9135 or click here today!
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Source: http://www1.eere.energy.gov/femp/financing/espcs.html
