Lease
Finance Vendor Details
Energy Project Lease Financing
Lender:
Varies
Contact Information
Website:
http://action.theenergynetwork.com/financing/energy-project-lease-financing
Phone: (949) 701-4646
Email: info@thenergynetwork.com
Phone: (949) 701-4646
Email: info@thenergynetwork.com
Property Types
Program Description
Energy Project Lease Financing was created by The Energy Network to provide capital to public agencies in the form of an equipment lease to fund energy-saving projects. At the end of the equipment lease, the agency may either own the system outright or have the option to purchase it. Energy Project Lease Financing provides public agencies with access to multiple funding institutions who competitively bid on their project.
Verified by Lender on: 9/21/2016
The data provided is for informational purposes only. For actual loan terms specific to borrowers, contact the lender directly.
Types of Financing
Financing & Payment Information
Term (years):
5 - 15
Minimum Amount:
$250,000
Maximum Amount:
$0
Fees:
None
Money Down Required:
No
Repayment Method:
Off-bill lease (Direct to Lender)
Payment Frequency:
Semi-Annual
Pre-Payment Penalty:
Yes
Allowable Projects
Funds Energy Efficiency projects
Funds Water Efficiency projects
Funds Renewable Energy projects
Funds Demand Response projects
Funds other energy projects
Funds other energy-related projects
Funds other non-energy projects
Other Program Requirements
Financing Approval Time
More than 48 hours
Equity in Property Needed
No
Financial Products
Lien type | Lease |
Re-Payment Method | Off-bill lease (Direct to Lender) |
Property Types | |
Automatic payment option available | N.A. |
Requires utility incentive program participation | No |
Must use Program's pre-approved contractors | No |
One-time fees (% of total financing) | |
One-time fees (fixed) | |
Ongoing fees | |
Financing Amount | $250,000 + |
Financing Term (yrs.) | 5 - 15 year(s) |
Rate | 3.5 - 4.5% |
Money Down Required? | No |
Credit Enhancement Available | No |
Transferrable | No |
Prepayment Penalty or Fee | Yes |
Tax Deductibility | No |
Minimum Credit Score Required | |
Equity in Property Required | No |
Debt to Income Ratio Required | Yes |
Involuntary Property Liens Allowed | No |
Foreclosures Allowed | |
Bankruptcies Allowed | |
Mortgage Lender Consent/ Acknowledgement | No |
Must be current on property taxes | No |
Must be current on mortgage | No |
Loan to value | |
Debt Service Coverage Ratio | No |
Financing Approval Time | More than 48 hours |
Projected Energy Savings/Cash Flow is considered | Yes |
Must be current on utility bill | No |
Upgrades Covered
No Results
FAQ's
Through our Contractor Marketplace, you can search for contractors and find the right fit for your project. You find out details about the contractor such as what types of certifications they have and where they are located. You can also directly find reviews when available. From there it is easy to connect and get started with your projects. A quality installation of equipment increases the benefits and efficiency of your new equipment.