Financial programs
ESCO, lease, secondary capital, rebates, grants and subsidies, and sovereign support: five ways to fund a project, including ones that need no capital up front.
Choose how the project is paid for.
Energy Savings Company: lighting as a service.
CONXCORP takes on the financial risk and provides the capital. We pay for and deliver the engineering, specification, design, project management, procurement, installation, recycling and ongoing maintenance of the lighting infrastructure over a defined contract period. In return we receive a portion of the monthly savings the project produces over that period.
How it works: four phases
- 01Preliminary auditA first look at what is installed and what it costs to run.
- 02Detailed analysisThe baseline is measured and the savings are calculated.
- 03ImplementationDesign, supply and installation, funded by CONXCORP.
- 04Support and maintenancePost-implementation support for the length of the contract.
Illustrative. Proportions differ on every project.
What it means for you
- Cash-flow positive from day one, with no out-of-pocket capital
- Your financial risk is minimised
- Paid from the operating budget, not the capital budget: fewer delays and approval hurdles
- Better technology straight away: the ESCO carries the risk, so it uses quality products
- No separate consultant or engineering fees
- One turnkey process: assessment, selection, installation and maintenance handled for you
Who can take part
The base requirements for an ESCO program are that the organisation:
- Is not an embargoed or sanctioned entity
- Is stable from a political-risk perspective
- Is creditworthy
- Can provide collateral against the contract
- Is a legally registered entity in good standing
Further requirements may apply once a project has been identified and evaluated.
CONXCORP deployed Uruguay’s first lighting ESCO in 2015. A presidential decree endorsed the program, and it was followed by a rollout for the Ministry of Defense. Today the program is available worldwide.
- 2015Uruguay’s first lighting ESCO
- ThenMinistry of Defense rollout
- TodayAvailable worldwide
The equipment now, paid for over time.
A lease is shaped around the project. The payment schedule is agreed before the contract is signed, and the equipment can be upgraded at any time during the lease.
Payment schedules
- Monthly
- Quarterly
- Semi-annual
- Annual
At the end of the lease
- Buy the equipment at its fair market value
- Or buy it for $10, with a $10 buyout lease
- Continue to lease
- End the lease
What you gain
- Quality assets from operating budgets, without waiting for capital approval
- Option to upgrade during the lease
- Buyout option
- Savings can pay for the lease
Lease requirements vary by region. The key criteria are the same as for the ESCO program, plus the rights and authority to bind a lease agreement.
Other ways to fund the work.
Secondary capital
Public and institutional lighting has to run and has to be maintained, so its cost is fixed and ongoing. When CONXCORP lighting lowers that cost, the difference becomes a new cash flow. We start from a baseline, from an audit or from existing plans and drawings, and the improvement on it is the secondary capital.
- Less red tape
- You stay in control
- Funds other initiatives and mandates
Rebates, grants and subsidies
Utilities and governments in most regions offer rebates, grants and subsidies for energy-efficient lighting, clean power and infrastructure upgrades. A CONXCORP representative checks eligibility and prepares the applications on your behalf.
- Lowers the cost of procurement
- Improves return on investment
- Often removes the need for financing
Sovereign support
International procurement brings differences in customs, law, language and currency. CONXCORP works with government-owned entities so that projects proceed with assurances, and with access to government-backed financial support, along the way.
- Reduces risk
- Access to government-backed financial support
- Simplifies the process
- A commitment to ethics
It is far cheaper to save a watt than to produce one.
And the best part: the savings are yours to reinvest, in whatever matters most to you.
- Infrastructure
- Water
- Education
- Healthcare
- Parks and recreation
- Community programs