Energy
Project Financing
Advantek’s
innovative financing approach combines the benefits
of the traditional bid-spec project with the financial
ease of performance contracting. Advantek manages
or performs the energy study, produces a design concept
and, once the project is approved, preliminary design
specifications and drawings. From that point, a carefully
managed energy services company produces a final
design, and finances and completes construction.
Advantek provides management and construction oversight,
and measurement & verification of performance
and savings. The study,
design concept, oversight, and savings verification are
typically paid outright, or from a zero-interest financing
pool funded by seed money and savings. |
For smaller
projects (less than $250,000) one of Advantek’s energy
project financing partners will finance the equipment
and construction (usually 75-90% of the total project
cost). The finance company is repaid based on the agreed
upon portion of savings that our client retains. Using
an initial estimate of savings, Advantek maps preliminary
project budgets to ensure that the savings will cover
all project costs by a wide margin, and that a desired
amount of savings will remain available to the client
over the life of the project. |