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Empower Equity (EMPEQ)

Our UnFinancing program with Empower Visibility can underwrite your commercial energy efficiency project in a matter of hours.

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Finance Comparison Dev

UnFinancing SubscriptionEnergy Services AgreementLeaseLoanPACE LoanEnergy Performance ContractOn-Bill FinancingPower Purchase Agreement
Down Payment?NoNoSometimesAlmost AlwaysNoNoNoNo
UnderwritingApprovals with just a Corporate Name and AddressTraditionalTraditionalTraditionalTraditionalTraditionalPay Utility On Time Plus ApplicationTraditional
Contract SizeSmallSmall to LargeMedium to LargeMedium to LargeLargeVery LargeSmallMedium to Large
Amount of Info Needed From CustomerLowestMedium to HighLow to MediumMedium to HighHighHighLow to MediumLow to Medium
Equipment Ownership?Third-Party (EMPEQ)Third-PartyCustomerCustomerCustomerCustomerCustomerThird-Party
Fixed Payment?YesSometimesYesYesYesSometimesYesNo (Take or Pay)
Includes Service?YesSometimesNoNoNoUsuallyNoUsually
Personal GuaranteeNoAlmost AlwaysAlmost AlwaysAlmost AlwaysSometimes*Almost AlwaysSometimesSometimes
Predetermined Customer Buyout at End of Contract?NoUsuallySometimesN/AN/ASometimesN/ASometimes
Requirement for a cash flow positive projectNoYesSometimesSometimesYesYesYesSometimes
Can be classified as a Common Area Maintenance (CAM) charge in a commercial lease?YesNoNoNoNoNoNoNo
Negatively Affects Borrowing Ability (Can Be Considered "Off-Balance Sheet"?No**SometimesYesYesYesSometimesYesSometimes
Cancellation?YesSometimesNoNoNoNoNoNo
Requires Expensive Measurement & Verification by Engineers to Prove Savings?NoYesNoNoSometimesYesYesSometimes
Requires Expensive Energy Modeling and Extensive Scopes of Work?NoYesNoNoYesYesYesYes
Enhanced Reliability of OperationsYesYesNoNoNoYesNoAlmost Never
Close TimeFastestMedium to LongShortMedium to LongLongLong to Very LongLong to Very LongLong to Very Long
Speed of ApprovalNear InstataneousSlowFast to MediumMedium to SlowMedium to SlowSlowestMedium to SlowMedium to Slow
Available Portfolio WideYesYesYesYesNoYesNoNo
Length of Contract (Years)5 to 105 to 153 to 72 to 75 to 2510 to 202 to 155 to 25
Requires Mortgage Lender ApprovalNoNoNoNoYesNoNoNo
Deeper Relationship with the CustomerYesYesNoNoNoYesNoYes
Equipment TypesAllAlmost Only Energy EfficientAllAllAlmost Only Energy EfficientAlmost Only Energy EfficientAlmost Only Energy EfficientSolar, CHP, Only Energy Producing Assets
Enables Contractors to Sell a Service Contract with InstallAlwaysAlwaysSometimesSometimesSometimesAlwaysSometimesAlways
Usual Interest Rates and/or Cost of FinancingLow to MediumMediumLow to MediumLowest to MediumMediumHighestLowestHighest
ReferencesUS DOE: Efficiency As A ServiceUS DOE: Lease FinancingUS DOE: Loan Or Debt FinancingUS DOE: Commercial Property Assessed Clean EnergyUS DOE: Energy Savings Performance ContractUS DOE: On Bill Financing Or RepaymentUS DOE: Power Purchase Agreement
* When required, the guarantee is ALWAYS a lien against the property.

** EMPEQ has worked to make the UnFinancing Subscription an off-balance sheet item, but ultimately we are not CPAs and a customer should always seek professional accounting advice.

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