AUSTIN, June 26, 2014 /PRNewswire-iReach/ -- Energyficient Systems is an energy services company and distributor that specializes in lighting efficiency projects. To reduce the time to approve its multi-million dollar capital projects, Energyficient is integrating efficiency-financing services from Noesis Energy, a leading provider of financing optimized for energy-efficiency projects.
Chad Palmer, president and CEO of Energyficient, is at the forefront of a major change in the industrial and commercial lighting sector. "Lighting may be lowest-hanging fruit of all energy conservation measures because everyone thinks they can change a light bulb — but in fact it's becoming increasingly complex to design an effective long-term solution. We take a holistic approach that factors in every light source—both inside and outside the building—because lighting is generally a significant percentage of a facility's energy consumption. Still, even when our analysis shows it makes perfect financial and environmental sense to invest in the project immediately, project approval can take months or even years," he says.
One reason for this is that even the most attractive energy-efficiency projects must compete against other capital projects for funding. Most facilities have earmarked a fixed budget for annual capital expenditures, and higher profile projects such as a loading dock upgrade or a new production machine can push a lighting retrofit onto the back burner. Noesis Financing Services changes this picture by enabling Energyficient to offer options for third-party financing.
"With Noesis Financing, we're not asking that those capital dollars be assigned to our project," says Palmer. "Instead, we can offer off-book financing with a performance guarantee that demonstrates a positive cash flow. The best part is that the client pays for the financing using the savings generated by the project."
Looking ahead, Palmer intends to use Noesis' expertise and suite of professional services to expand the range of energy conservation services Energyficient offers its clients: "There are so many opportunities to save energy in the facilities we visit — the question is always finding the money to finance them. Noesis can help us develop more proposals and include compelling financing to get them underway faster."
HOW NOESIS EFFICIENCY PROJECT FINANCING WORKS
CFOs and building owners often do not have the budget available to invest in energy-efficiency projects, so energy-efficiency professionals must include options for third-party financing with their project proposals if they want to overcome cash constraints and get their project proposals approved. Noesis makes financing efficiency projects simple by providing essential finance services to its customers. Noesis' team of project finance specialists helps during the entire proposal process – from analyzing project details and working with lenders to presenting financing options to the CFO or building owner. Each Noesis customer has a dedicated project finance specialist and receives unlimited phone and email support from the Noesis project finance help desk. With Noesis, efficiency pros can include financing options in all of their proposals, helping them win more deals and do more energy projects.
Based in Burlington, Iowa, Energyficient Systems Inc., is a design-engineering firm and distributor that specializes in commercial-industrial lighting efficiency projects. The company has earned the reputation for integrity and going to the extra effort to educate their clients in the lighting choices available. Noted as the first choice for many of the nation's largest corporations for their lighting efficiency projects, Energyficient redesigns and engineers lighting systems that create immediate and permanent energy savings in all types of large facilities. www.energyficient.com
ABOUT NOESIS ENERGY
Noesis Energy helps efficiency professionals get more projects approved and implemented by providing turnkey financing services and SaaS-based software tools to accelerate and streamline their efficiency project analysis and proposals. Noesis Energy is backed by Black Coral Capital and Austin Ventures, and maintains offices in Austin, Texas and Cambridge, Ontario, Canada. For more information, visit www.noesisenergy.com and follow @noesisenergy. Learn how the Noesis Energy platform works here. Use our site to find incentives at incentives.noesisenergy.com.
Media Contact: Tim Cox, Noesis Energy, 650-369-7784, firstname.lastname@example.org
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SOURCE Noesis Energy