Think Outside the Grid
Barrett Capital specializes in funding energy efficiency projects, offering Lease Financing, Shared Savings Plans and Energy Services Agreements, which require no money down.
Energy Efficiency Financing
Working with you and your energy efficiency supplier, Barrett Capital underwrites the financing. And, since the savings represent the source of repayment, Barrett Capital can independently verify and monitor your savings initially and throughout the term of the contract.
In addition, Barrett Capital provides assistance to customers in searching for grants, rebates (state and/or utility-funded), and subsidized financing programs that offer below-market interest rates. Barrett Capital is a Participating Lender with New York State’s Energy Research & Development Authority (“NYSERDA”) in connection with the Green Jobs Green NY (GJGNY) Financing Program and NYSERDA incentive financing and is a Lending Partner with the New York City Retrofit Accelerator.
Types of Energy Efficiency Projects
Barrett Capital funds and finances all types of energy efficiency and infrastructure projects. Among the leading energy efficiency projects we finance are:
Barrett Capital’s shared savings plans offer a pay for performance solution to reduce your energy costs. We have created a performance based service contract that uses the savings derived from the implemented energy savings measures (“ESM’s”) to cover the cost of the energy efficiency undertaking. All project costs, including ESM’s, design, materials and equipment, implementation, maintenance, verification and monitoring are covered.
Barrett Capital’s shared savings plans provide that excess savings above a specified level are shared with you, the customer, from the beginning. In this manner you immediately start to benefit from the energy savings arrangement. And, Barrett Capital brings in an independent engineer to verify and insure that the projected savings will be realized.
After Barrett Capital has recovered its contracted amount, all of the ongoing savings can accrue to you through an option to buy the ESM’s at a set price or at a favorable fair market value. One of the side benefits of shared savings plans is that, unlike straight financing, these service contracts are not required to be included as liabilities and, therefore, are considered “off balance sheet” financing, even under the just released new accounting regulations.
Work with an analyst team that understands every client is different. Barrett Capital proudly provides tailored energy efficiency financing assistance to companies nationwide.