Clean energy's "best friend is increasing energy cost." The price of electricity is going nowhere but up.
Chevron Energy Services is an energy service company (ESCO) and calls its projects shared savings contracts.
A typical project will save 20% to 40% with "zero capital cost out of pocket."
The Chevron exec suggested the following "loading order" for financing an energy efficiency project:
Rebates and utility incentives
Low-cost financing (e.g., 0 percent CEC Loan)
Third-party financing (e.g., tax-exempt lease purchase)
Chevron Energy Services focuses on the public sector as cities don't go out of business, they face enormous funding pressures, and the private sector wants a 20% return and a fast payback.
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