WHAT IS ENERGY SAVINGS-AS-A-SERVICE?
Energy savings-as-a-service is a pay-for- energy efficiency performance, off-the-books financing solution that allows clients to implement energy and water efficiency projects with no upfront investment. The provider pays for project design, procurement, and maintenance costs. Once a job is operational, the client makes service payments that are based on actual energy savings or other performance measurements, resulting in immediate positive cash flow. The energy savings-as-a services agreement (ESaaS) is a cutting edge financial instrument that works with an existing budget to increase profits