Energy Service Agreement An Energy Service Agreement (ESA) is a pay-for-performance, off-balance sheet financing solution that allows customers to implement energy efficiency projects with zero upfront capital expenditure. Through the ESA, the ESA provider pays for all project development and construction costs. Once a project is operational, the customer makes service charge payments for actual … Continued
On-Bill Financing/Repayment On-bill financing (OBF) and repayment (OBR) are financing options whereby a utility or lender supplies capital to a utility customer to make energy efficiency improvements and is repaid through regular monthly loan payments on an existing utility bill. One of the benefits of these programs is the potential to serve a broad set … Continued
A Managed Energy Service Agreement (MESA) is a variation of an Energy Service Agreement (ESA). In an ESA, the provider develops, finances, owns, operates, and maintains all energy efficiency measures and equipment installed during the term of the project.
Property Assessed Clean Energy Property Assessed Clean Energy (PACE) financing is a structure in which building owners take on debt for energy efficiency or renewable energy improvements that is repaid through an assessment on their property tax bill. The stability of the property tax bill allows building owners to make long-term investments in their buildings … Continued
Tax Increment Financing Tax Increment Financing (TIF) is a financing option that uses expected future gains in state or municipal property taxes from a development or redevelopment project to finance improvements that will create those gains. It has been used as a community development tool for decades. TIF is offered by jurisdictions to attract private … Continued
FOR IMMEDIATE RELEASE Contact: Katie Weeks, IMT, 202-525-2883, x306 / katie.weeks@imt.org Caroline Stec, RILA, 703-600-2082 / caroline.stec@rila.org Stephanie Cegielski, ICSC, 646-728-3572 / scegielski@icsc.org Coordinated national effort will empower commercial building landlords and tenants to improve energy efficiency in billions of square feet of leased space and reap up to $5 billion in annual energy savings. … Continued
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