Financing : If you would like to implement your lighting upgrade without any outlay of cash or high-interest costs, there are many programs available to help you do so by paying for the project out of the energy savings created.
- Lighting Upgrade Project Cost: $125,000
- Utility Rebate Amount: $50,000
- Net Customer Cost: $75,000
- Monthly Energy Savings: $4,155
- 24 Monthly Payments: $3,125
- Positive Cash Flow: $1,030
Energy Retrofit can arrange for several types of energy financing depending on the location of the project and the current availability of financing. These options include, but are not limited to:
12 Month, 0% Interest, “In-House” Financing (Energy Retrofit) : Energy Retrofit does not require an up-front cash investment from our customers. If a utility rebate is available for your installation, we will use it as a down payment, and we will finance the balance of your project cost over 12 monthly payment. This allows for the energy savings that come from our retrofit help you pay for the project over a period of time.
Utility Company On-Bill Financing (SCE, SDG&E, PG&E) : The Energy Efficiency Retrofit Loan Program, also known as On-Bill Financing (OBF), help eligible customers pay for energy-efficient retrofit projects with no-interest loan that are repaid through their monthly utility bills. To qualify, a project’s estimated monthly energy cost savings must be sufficient to repay the loan within the maximum loan term limits, which typically ranges from 3-5 years depending on the utility company. Business customers may qualify for loans between $5,000 and $100,000, and Government agencies may qualify for loans up to $250,000 per utility meter.
Equipment Lease Financing (Energy One) : Equipment lease financing allows you to financing your project, without any out of pocket expense, and create an immediate POSITIVE CASH FLOW. In many cases, monthly payments are less than the estimated energy savings. This financing option provides capital for projects ranging from $5,000 up to $2,000,000, and the loan terms can be extended up to 10 years to create maximum positive cash flow.