Tax-Exempt Lease Purchase (TELP)
Description: An effective financing product for municipal entities subject to non-appropriation laws.
Own Your System: Versus a Power Purchase Agreement
No Obligation Quote!
Net Cost of Capital Can Be: <3% using IRA’s Section 6417 Direct Pay Model
Project Size: $200,000 and above
Easier to Implement than a PPA: Statutory Authority in All 50 States
Tax Exempt Financing: Pre-approved by statute in your state
Energy Service Agreement (ESA)
Description: Make energy upgrades on a pay-for-performance basis with no out-of-pocket investment.
Loan Amount: $500,000 and above
Term: Up to 25 Yrs.
Rate: No interest rate – payment based on ESA
Repayment: Project dependent
Security: None required – ESA provider owns & maintains the assets
Speed: Access to funding within 2-3 weeks of application submission