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Energy Project Lease Financing
Lender: Energy Project Lease Financing
Product 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.
Miscellaneous Information
The Energy Network staff help qualifying agencies with financial matters, energy analysis, bidding and the contract process to control costs.
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.
Property Types
Sponsor:
The Energy Network
Financing Type
Lease
Financing & Payment Information
Rate (APR):
3.5% - 4.5%
Term (years):
5 - 15 years
Minimum Amount:
$250,000 +
Maximum Amount:
N/A
Fees:
One-time fees
Down Pmt. Required:
No
Re-pmt. Method:
Off-bill lease (Direct to Lender)
Pmt Frequency:
Semi-Annual
Pre-pmt Penalty:
Yes
Allowable Projects
Funds Energy Efficiency projects
Funds Water Efficiency projects
Funds Renewable Energy projects
Funds Demand Response projects
Funds other energy projects
Projects that produce operational or maintenance savings, including streetlights, may be financed.
Funds other energy-related projects
Soft costs such as, feasibility studies, engineering fees, architectural fees and building permits may be financed.
Funds other non-energy projects
Other non-energy projects may be financed in some circumstances.
Other Program Requirements
Financing Approval Time
More than 48 hours
Equity in Property Needed
No

Other Products By This Lender

Lender: Varies

Website: www.lapace.org
Contact Email: dleung@lapace.org
Contact Phone: (877) 785-2237
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