|
|
 |
Many businesses delay the replacement or improvement of inefficient equipment and building components because the initial purchase costs are perceived as an obstacle. Despite attractive returns on investment and other long-term benefits of energy efficiency projects, many customers simply cannot pursue energy cost reduction opportunities because of these “first-cost” barriers.
The Shared Savings Program is designed to help commercial customers overcome these initial cost barriers by providing up-front capital, based on estimated energy savings, to advance energy efficiency improvements. Projects may include any new electrical energy-saving or demand-reducing measure that results in lasting impacts for the facility. All projects must meet our minimum energy efficiency requirements for consideration for Shared Savings funding.
Under the program, a customer may receive from $2,500 up to $50,000 to implement qualifying projects. The customer then repays the funding through sixty equal installments on their monthly utility bill. A 2% annual fee, compounded monthly, is included in the payments. Often the payments are less than the energy cost savings, resulting in a positive cash flow for the customer.
Customers that have at least a three-year, clean payment history with the utility are eligible for this program. In addition, a full credit review will be performed before Shared Savings funding is provided.
For more information, contact Energy Services Representative Jim Schieble at 623-5912 or (608) 576-9017.
 Shared Savings Program Flier
|
