Energy Savings Agreements and other Green Initiatives
Energy efficiency retrofits, as well as water and waste efficiency retrofits, can help companies and governments start saving money immediately through reduced overhead. But many are hampered by the substantial upfront costs of installing these systems.
Lewis Financial works with a leading corporate finance fund that will provide 100% of the construction costs of installing energy, water, and waste efficiency retrofits. In exchange, the customer makes fixed, contractual payments to the installer for a set amount of time based on the energy savings. The sum of these fixed payments plus the customer's new energy bill is always lower than the customer's previous energy bill, resulting in a net savings and lower overhead for the customer.
This is not a loan, and the customer does not carry the contract on their books as debt. Achieving lower overhead without the need to increase the debt:equity ratio is a powerful combination when credit is still tough to come by.
Lewis Financial is seeking installers and energy audit companies to partner with to provide their customers with our funding expertise.
Lewis Financial is also seeking customers that have had energy audits or are considering having energy audits, but have been turned off by bearing the costs of retrofits with their own cash or credit.
In order to move forward in financing a project, the following information is needed:
* Background of the building owner. The fund primarily funds investment-grade rated entities, including publicly listed companies and federal, state and municipal governments (e.g., school districts), but will consider other entities on case-by-case basis.
* Background on the installer.
* Construction timeline.
* Projected cost. The minimum funding is $5 million with no reasonable upper limit.
* Estimated energy savings.
* Useful life of the project.
For more information, please contact one of our specialists:
