WHAT IS AN ENERGY SAVINGS AGREEMENT?
The Nonprofit Energy Savings Agreement (NESA) is a three-party agreement between Sustainable Energy Fund, your organization, and the contractor(s) to provide energy efficient upgrades that result in energy savings.
SEF or a contractor will conduct an energy audit to identify savings opportunities and make recommendations for upgrades that will save energy and reduce utility bill expense. If the project meets both your approval and SEF qualifications, SEF will fund the project and the contractor will install the recommended measures.
When you receive the utility bill savings each month, you will turn a portion over to SEF to pay for the project and keep the rest of the savings to use towards your mission. SEF will verify project savings annually to ensure that improvements are performing as expected.