Nonprofit Energy Savings Agreements are an innovative approach to financing energy projects for nonprofits. Sustainable Energy Fund’s staff will accompany your organization each step of the way as you consider various energy projects that will lower your operating costs.
Sustainable Energy Fund will assist you in:
- Selecting a contractor
- Reviewing technical documentation
- Confirming savings projections
- Focusing your resources on your mission, not your energy bill
- Funding your project from utility bill savings
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.
Why Choose an Energy Savings Agreement?
Sustainable Energy Fund will pay the contractor of your choosing to install energy conservation measures you select. The contractor will provide a performance guarantee, so you will receive the savings you expect. Each year, our staff will verify your savings. Sustainable Energy Fund will receive a portion of your utility savings during the term of the contract. Once the term is completed, all future savings are yours.