What is an ESCO?
Energy Savings Company – Lighting as a Service
As concerns surrounding greenhouse gas emissions, climate change and dwindling natural resources increase, there is a growing need for energy efficient technologies. Rising energy prices, financial constraints and bureaucracy also create a challenging environment full of obstacles and risk. The ESCO program provides a risk-free and comprehensive solution for clients. In the ESCO Program, CONXCORP assumes financial risk, providing upfront capital needed for key infrastructure projects. The comprehensive process includes 4 phases: preliminary audit, detailed analysis, implementation, and post implementation. Turnkey solutions keep clients “in the loop” without the headache of technical assessment, selection, implementation and maintenance process.
Advantages of an ESCO?
- no out of pocket costs
- minimizes your financial risk
- eliminates bureaucratic delays and hurdles
- obtain superior technology (ESCO holds the risk – will leverage quality products)
- eliminate consultant, engineering costs
Requirements
CONXCORP will pay for and provide the engineering, specification, design, project management, procurement, installation, recycling and ongoing maintenance of the lighting infrastructure, over a defined contract period. This will be in exchange for a portion of the monthly savings obtained from the project over the defined contract period.
The base requirements to participate in an ESCO program are:
- not be an embargoed or sanctioned entity
- is stable from a political risk perspective
- is credit worthy
- has the ability to provide collateral against the contract
- is a legally registered entity in good standings
Additional requirements may be required once a projected has been identified and evaluated.
