Aging infrastructure and tight capital budgets are a concern, but NEC Can Help
Energy-efficient retrofits provided by NEC can help manage aging facilities when tight budgets put capital out of reach. In many cases, our solutions, (in conjunction with other economic incentives), can ensure that the existing budget allocated for utility payments can be used to replace or retrofit existing infrastructure.
NEC’s comprehensive energy solutions range from lighting, electrical upgrades, boiler and chiller replacements to full facility upgrades through our TEO (Total Energy Optimization) program. Phased energy efficient retrofits do not interfere with daily operations during the facility upgrade. Our experienced team has helped business customers achieve targeted savings of up to 33% of facility costs (our E/3 strategy), and in many cases, even higher.
Solar Financing: Power Purchase Agreements
NEC’s solar division has developed creative ways to utilize renewable benefits and incentives to offset the costs of energy optimization upgrades while driving renewable energy initiatives. Through our strategic relationships with our financing partners, we have a powerful array of solar financing options for a variety of organizations including commercial buildings, municipalities, and school systems. With a power purchase agreement (PPA), commercial, industrial, institutional and government organizations can find ways to monetize operations that traditionally have been cost centers. Using a Solar PPA can turn rooftops into energy systems while harboring significant tax benefits.
We can design, build, operate and maintain these facilities, allowing our customers to benefit from the long term positive cash flows while providing stable and reduced utility costs. A power purchase agreement (PPA) can be used to mitigate costs, fund renewable energy development, lower overall utility costs, and generate working capital.
We Will Find the Optimal Financing for your Energy Project
NEC has a wealth of information on innovative funding opportunities such as renewable energy certificates, grants, utility rebates and tax credits at both the federal and state levels. This allows for a complete and up-to-date evaluation of potential aid to finance upgrades and renewable energy projects. In addition, NEC will provide you with project cash-flow and ROI analysis based on the various funding options available from our financing partners.
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