Incentives & Financing
Financing and Incentive Options
Being able to design and build systems capable of saving our customers money is a large piece of the puzzle. But it’s equally important to possess the knowledge and experience to help customers navigate the myriad of government incentive programs and financing options often required to make the vision of energy efficiency a reality.
Sander Mechanical assists clients with various financing strategies in order to facilitate the funding and implementation of energy efficiency projects, retrofits, and other mechanical upgrades. There are a number of financing vehicles to consider; and choosing the right one will depend on a variety of factors.
- Efficiency Made Easy (EME) Financing Program – EME is a unique financing solution for energy conservation measures (ECMs) and high-efficiency HVAC projects. EME combines a commodity price (for gas and electric supply) with high-impact energy efficiency measures without utilizing limited capital. Projects can be 100% financed (with no up-front out-of-pocket costs) via payments on the monthly utility bill, as an off-balance-sheet operating expense. This allows businesses with limited capital to undertake their project now and realize cost savings through a reduction in energy consumption over time.
- Lease Financing – Leasing alternatives can provide complete project financing, covering 100% of the costs for equipment, installation and (in some cases) even maintenance. Sander can help you arrange both capital and operating leases to pay for your project.
- Property Assessed Clean Energy (PACE) – Pay-to-own using an off-balance-sheet priority property tax assessment. This innovative program, which is currently available in New York and New Jersey (among other States), is an alternative to a bank loan, and effectively allows property owners to borrow money from their local governments to pay for energy-efficiency improvements. PACE financing helps make projects more affordable by leveraging the increased asset value of the property to finance the cost of improvements over a long period of time, without tying up the customer’s credit.
- Energy Performance Contracting – Performance contracts guarantee that building improvements will deliver energy savings over a fixed period of time. The structure maintains positive cash flow by ensuring that the energy and operational savings achieved will serve to offset or exceed the loan repayment costs for facility retrofits, infrastructure upgrades, and energy conservation measures (ECMs).
You can rely on Sander Mechanical’s expertise to help select the most beneficial financing structure and incentive programs for your project. We’ll assist you with all of the application paperwork and make the process a cinch.
Government & Utility Incentive Programs
Depending upon location and project type, there are a variety of federal, state, local, and utility-sponsored incentives available for energy efficiency projects and equipment upgrades. By taking advantage of these programs, you may be able to significantly reduce costs, shorten payback periods, and improve return on investment (ROI) for your projects.
Click the appropriate links below to learn more about the renewable energy and energy efficiency incentives available in your location: