Financing Your Energy Upgrades
In the last decade, CEG has arranged low-cost private financing for more than $400MM in project improvements.
As a leader in energy engineering and construction, CEG works with building owners and managers to implement and finance energy upgrades in existing buildings. We analyze existing systems within the facilities, and design and implement turnkey solutions that increase energy efficiency, enhance resilience, modernize equipment, and streamline operations and maintenance. We guarantee performance and leverage creative project financing to deliver comprehensive projects that meet sustainability and resilience goals.
Minimal Overall Cost
CEG works to reduce the total cost of our energy solutions, while still meeting project objectives. We work with a wide range of financing sources to ensure the most competitive rates possible. We structure transactions to leverage government and utility incentives; for instance, we can arrange the project as a lease or power purchase agreement to help our customers benefit from production or investment tax credits. We also identify any available incentives from state or local governments, utilities, or the federal government that can be used to offset the cost of the project.
Flexible Financing
Financing for Energy Savings Performance Contracts (ESPCs) can be structured for a wide range of situations. For instance, we can combine direct energy savings with funding from annual operating budgets or other existing capital sources, allowing us to either shorten the term of the contract or increase the amount of annual savings to the building owner in excess of contractor payments. We can use ESPCs to upgrade new construction projects to include more efficient systems that would otherwise be removed through value engineering for project budgetary reasons. We can also leverage ESPCs to execute future construction projects to replace inefficient existing facilities earlier, using a combination of energy savings and savings from avoided future construction. For projects for which an ESPC is not the most appropriate contracting vehicle, we are also comfortable using enhanced use leases, equipment leases, energy services contracts, bond financing, and power purchase agreements.
Goal-Driven Solutions
We design your entire solution, including financing, to satisfy your goals as effectively as possible. Our unique capabilities allow us to maximize:
Scope of work being implemented
Scope of ongoing O&M being performed by CEG
Energy savings in excess of financing payments during the financing term
Amount of renewable energy being produced/used
Project impact on the facility’s energy security