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Finance Vendor Details

Energy Project Lease Financing
Lender: Varies
Contact Information
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
Lease
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

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