GUARANTEED SAVINGS PERFORMANCE CONTRACT
Install upgraded modern equipment without requiring upfront capital. A portion of the resulting savings wholly supports debt service; budget-neutral.
- Low-cost project debt supports installation of most-modern equipment
- TEN offers energy reduction guarantees
- Customer retains ownership of equipment and 100% of future savings at the end of the contract
- Funding can be for bundled projects (all at one time) or phased projects (over time)
PACE (Property-Assessed Clean Energy)
PACE financing programs use a variety of funds (e.g., government bonds, private capital, bank financing) to provide 100% financing for qualified projects in states / regions with active PACE programs.
All types of energy efficiency projects implemented by TEN qualify for available PACE funding – an assessment added to the property’s tax bill that stays with the building upon sale.
PACE is a great option for taxable property owners of commercial buildings, hotels, nursing homes, assisted living and shopping centers.
PACE requires an experienced energy services firm (like TEN) to coordinate PACE-qualifying technical and financial project components.
ON BILL EFFICIENCY
TEN specifies high-efficiency lighting and other facility improvements that save thousands of dollars a year in energy savings while modernizing customer facilities.
Customers enter into new energy supply agreements, locking in multi-year savings. Savings for the initial years pay for all project costs.
Customers own the installed high-efficiency equipment and 100% of generated utility savings once the initial commodity contract expires.