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NES's primary lender's Guaranteed Savings
Program (GSP):
This program is a RISK-FREE way for facilities
and professionals to cut energy cost, generate positive cash flow
and enhance the equity and value of their buildings. This program
guarantees energy conservation savings anticipated from the financed
capital improvement. This GUARANTY is BACKED by MOODY's
and STANDARD & POOR'S TRIPLE A rated insurance and financial
service organization.
Third party guaranty is combined with innovative
financing, expert advice and a valuable network of resources to
make energy savings possible. Regardless of the size of the project,
a tailor-made program is developed to meet each client's needs.
The monthly investment in an energy upgrade of retrofit will NEVER
exceed the amount of energy savings you get over the term of the
lease, THEY ULTIMATELY ADD TO YOUR COMPANY'S PROFIT MARGIN!
What are the savings?
Reduced energy consumption and operational costs resulting from
a performance contract capital improvement.
How does it work?
Pre- retrofit consumption and costs are determined through an
energy audit and baselines are established to project potential
energy savings.
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Baseline Energy Usage
is outlined in the warranty, incorporating such criteria as
building occupancy, standard operating consumption and energy
unit costs and climate
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Baseline Energy Cost
is the unit pricing according to the quoted rate schedule
of the utility.
When is the Policy Issued?
At the acceptance of the equipment installation, the lender contracts
with the insurance provider who issues a policy on the guaranteed
savings. An internal audit is performed warranting the scope of
work, baseline criteria, energy usage and proposed energy savings.
Upon completion and approval of the proposed savings, a policy
is issued.
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