Does this sound familiar? Your company wants to reduce its energy use and environmental footprint by upgrading equipment or switching to clean energy. But the cost per square foot – across multiple buildings in a company’s portfolio – can quickly add up to millions. Most companies don’t have this type of cash on hand, and are hesitant to take out such a large loan.
So how can companies get the benefit of more efficient buildings without a large upfront investment? An easy way is to transfer the cost and risk of these valuable, yet challenging building upgrade projects to a specialist. Hiring an Energy-as-a-Service firm allows your company to install HVAC, LED, or solar panels and pay over time.
How? When you bring in an Energy-as-a-Service specialist, you can pay for the upgrades with your existing operating expenditure (OpEx) instead of dipping into your capital expenditure (CapEx) budget. Instead of paying for the upgrade itself, you are paying for a service - the planning, permitting, procurement, installation and maintenance of your building’s energy equipment. This frees companies up to direct CapEx resources towards their core business activities.