ENERGY SAVINGS PROGRAM

Has your business delayed the replacement and/or improvement of inefficient electrical equipment components because of concerns about the initial purchase costs? Most business people understand that these energy efficiency projects offer attractive returns on investment and other long-term benefits. However, it is common to defer energy cost reduction measures because of “upfront-cost” barriers.

The Energy Savings Program is designed to help you overcome these initial cost barriers by providing the up-front capital to acquire your energy efficiency improvements.


Overview

Through the Energy Savings Program a customer, at no upfront cost, may implement the installation and usage of energy savings equipment which, in many cases, reduces energy consumption from 50% to 80%. The customer then repays the funding through a lease agreement that is determined by the monthly savings on utility bills. A portion of the savings funds the lease payments and the remainder of the savings creates immediate positive cash flow. Projects may include any new electrical energy-saving or demand-reducing measure that results in lasting impacts for the facility.


How to get started

Contact us for more information. Your Energy Services Representative (ESR) will work with you to identify eligible electrical projects and help you compile the necessary information for the application. The application must include the ESR energy usage audit and a copy of the most recent utility bill.


Customer eligibility

          • Customer must complete an application package for consideration.

          • Customer must pass credit review.


Project eligibility 

          • Project equipment must meet minimum efficiency requirements.

          • Project must reduce electric use and/or electric demand for the duration of the repayment period. (up to 60
            months).

          • Customer must agree with all requirements relevant to the location and installation of project equipment as
            defined in the agreement.
 
          • Project cannot be implemented (including any engineering and/or equipment purchases) prior to the written 
            execution of the agreement.

          • Previously installed or retrofitted measures do not qualify.


Terms and conditions 

          • Repayment occurs over and up to a 60 month period.
 
          • Upon completion, applicant must submit a Certificate of Project Completion form.


Note: Other options are available on a case by case basis based on power consumption, equipment, and credit review.