Markets

We finance projects nationwide across a spectrum of public and private sectors.

Public
  • Cities, counties, states
  • Public K-12 schools
  • Public universities
Non-profit
  • Hospitals
  • Private colleges
  • Churches
Private
  • Commercial offices
  • Retail stores
  • Industrial
  • Agricultural

Projects & Technologies

We finance proven energy technologies that create compelling project savings. Project sizes range from $250,000 to $10,000,000 or greater and typically provide simple paybacks between 2 to 10 years. Conservation measures include lighting only installations through to comprehensive projects utilizing a variety of efficiency and renewable generation technologies.

Energy Efficiency
Reduces building energy usage
  • Lighting
  • HVAC
  • Water controls
  • Variable speed motors
  • Building envelope upgrades
  • Building management systems
  • Controls
Distributed Renewable Generation
Generates renewable power directly to the building
  • Solar
  • Biomass
  • Combined heat & power
  • Heat pumps
Storage
Stores energy onsite
  • Lead acid
  • Lithium ion
  • Nickel metal hydride
  • Flow

Financial Products

We fit our financing to projects. Not the other way around. We do this through several structures:

Public
  • Tax-exempt lease purchase
  • Go / Tax Levy bond
  • Off-balance sheet
Non-profit
  • Tax-exempt conduit lease purchase
  • Tax-exempt conduit bond
  • PACE
  • Off-balance sheet
Private
  • Loan / lease
  • Operating lease
  • PACE
  • Off-balance sheet

We also provide tax-impacted financing options, including:

Qualified Zone Academy Bond (QZAB)
  • K-12 public schools
  • Tax-credit in lieu of interest
Qualified Energy Conservation Bond (QECB)
  • Municipal entities
  • Tax-credit in lieu of interest
  • Solar Investment Tax Credit (ITC)
Solar Investment Tax Credit (ITC)
 
  • Commercial entities
  • Solar operating lease

Underwriting & Structuring

We combine fundamental understandings of credit analysis, energy technologies and project structuring. A long history in energy project finance informs our approach to underwriting and structuring:

  • Tailor financial solutions to expected savings profile
  • Generate cash flow savings to end-users
  • Underwrite credit and project with energy savings as a repayment source
  • Analyze project and financial data quickly
  • Process transactions in programmatic, standardized & repeatable ways
  • 5-25 year financing structures

Our financings generally are secured by installed equipment. Depending on structure, we may also seek security in project payment streams and other project contractual rights. We seek to finance sound energy projects that generate cash flow savings to credit-worthy entities. Our underwriting focuses on three key areas:

Channel Partner
  • Strong project performance track record
  • Sound engineering & savings estimates
  • Long-term operations & maintenance capabilities
  • Bonding capacity & appropriate licensing
Energy Project
  • Proven, commercialized technologies
  • Sound OEMs with warranties
  • Cash-flow modeled to anticipated savings level
  • Term shorter than expected system life
End-user Credit
  • Significant operating history
  • Cash flow sufficient to cover debt service
  • Profile enhanced by expected energy project cash flow savings