Varies
Amount varies
Loan
Below-market financing
Rolling
No fixed cutoff
Rolling
Apply when you're ready
Moderate
Underwriting required
Energy Savings Performance Contracting (ESPC) allows facilities to finance energy-saving improvements through guaranteed annual energy savings without up-front investment. State agencies, higher education institutions, public school districts, and local governments can use this financing method where contractors guarantee savings equal to or exceeding improvement costs.
Am I eligible?
Answer the questions below to get an instant self-assessment of your fit for this program. This is informational — final determinations are made by the administering agency.
1.Must be a state agency, institution of higher education, public school district, or local government
2.Must notify SECO of intent to pursue guaranteed ESP contract
3.Must issue request for qualifications and select performance contractor
4.Contractor must guarantee annual savings at least equal to project payments
5.Project must result in measurable energy savings
IRS · United States
Allows businesses to deduct up to $5.65/sq ft for commercial buildings achieving significant energy savings through improvements to HVAC, lighting, and building envelope systems. IRA expanded the deduction and allowed non-profits and government to allocate it.
NCDOR · North Carolina
Provides state income tax credits for investments in renewable energy equipment and energy efficiency improvements for business properties in North Carolina, stackable with federal ITC.
APS · Phoenix Metro, AZ
Compensates APS commercial and industrial customers for voluntarily reducing electricity use during peak demand periods, providing bill credits and annual payments to help APS manage grid reliability.