Efficiency Service Agreements (ESAs) are the equivalent of Power Purchase Agreements (PPAs) to finance energy efficiency projects. A third-party investor funds cost of improvements and assumes ownership for the retrofit projects. The investor monitors energy savings and charges back to the property owner at a price set below historic energy prices. Click here for more information.
Energy Efficiency Leases are traditional capital leases covering the entire energy retrofit project costs. The term of the lease is determined so that lease payments are less than the value of the energy savings from the retrofits. Click here for more information.
Property Assessed Clean Energy (PACE) financing involves building owners voluntarily taking on financing, which is repaid via an assessment on their property tax bill.Click here for more information.