Energy Service Agreements
ESA’s are a way of financing energy efficiency upgrades where the energy savings fund the project. ECOsystems is currently working with a number of industry parties to offer this concept in New Zealand. In concept, a separate entity provides the capital for the project and the building owner or tenant pays a monthly sum over the life of the project that matches the pay back (typically 9 years) so there is no need for you to provide the capital up front. After an investment grade audit of your site, ECOsystems will recommend a turnkey energy efficiency upgrade. The audit will provide a Target Savings Goal and typically guarantee between 85 and 90% of this figure. This guarantee will then equal your monthly repayment. There is no requirement for personal or company guarantees. Security is provided through the new equipment supplied for the term of the agreement. At the end of the term the equipment remains in your ownership and the contract is at an end.
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