Financing deal announced for energy storage
TIP Capital and Green Charge Networks (GCN) have announced a program to offer $0 down financing for GCN's retail, municipal and industrial customers. The initial commitment will consist of an unprecedented $10 million fund dedicated to $0 down energy storage financing.
TIP Capital has developed an effective energy-efficient financing program, which allows building and property owners to leverage their utility savings to earmark for TIP Capital's fixed rate monthly financing payments for lighting retrofits, HVAC upgrades, energy storage and other qualified energy-efficient projects.
"With Green Charge Networks savings track record for their customers and pipeline of deals, TIP Capital is excited to be partnered with Green Charge Networks." said Ross Reida, Vice President of National Accounts for TIP Capital. "Our flexible programs will allow Green Charge Networks' customers to pay $0 down, provide energy savings above what they pay and protect against rising demand charges."
"For buildings to be more power efficient and to optimize the potential for environment benefits, intelligent energy storage must be financially affordable and accessible for business owners," said Brian Asparro, CFO for Green Charge Networks. "Commercial buildings account for 18% of US CO2 emissions. Through GCN's GreenStationTM, building owners can save 15% or more on their electric bills."
