Manufacturers, schools, churches, and clinics throughout the US could cut up to $15 billion a year on their energy bills over the next decade, thanks to a pioneering new financial tool just recently launched by the locally based efficiency-services financer Metrus Energy and CalCEF, an organization focused on accelerating clean energy technologies. The new Efficiency Resource Fund will provide otherwise hard-to-get financing for businesses to make energy-efficiency improvements, with no upfront costs.
How it works is as follows: The Fund signs an Efficiency Services Agreement for up to 10 years with a building owner, and then hires contractors to design, install, measure, and maintain energy-saving improvements. As a result, the customer sees a reduction in its total utility bill, while making buildings more productive and comfortable. The fund recoups its investment by billing customers for their realized efficiency gains.
Read more...New Fund To Unlock $150B in Efficiency Savings - Daily News Article - GlobeSt.com