This program offers Energy Savings Warranty insurance to high quality Energy Service Companies (ESCOs) who provide energy improving upgrades and guarantee the amount of savings to be achieved. Energi's warranty product will serve as a strong insurance backstop to the energy savings guarantees you provide to end customers, who may range from educational institutions to commercial facilities.
Program Benefits Include:
ESCOs
- Risk Transfer removes balance sheet liabilities and other obligations: Eliminate parental guarantees, capital charge-backs and financial statement contingencies and disclosures
- Unlike energy efficiency bonds, there is no indemnification by the ESCO
- Competitive edge when bidding on projects: Ability to market insured warranty and use Energi's "ESW-Backed" Seal
- ESCO's Guarantee now backed by a leading worldwide A.M. Best "A" rated insurer
- Third-Party confirmation of savings projections: Energi's in-house engineering review adds stamp of approval
- Only ESCOs with the highest quality and commitment to "best practices" will be provided coverage under Energi's Energy Savings Warranty
- ESCOs given increased incentive to accurately estimate and meet guaranteed savings
- Project owners will be able to repay financing even if savings are not achieved
- Confirmation of energy conservation measures by Energi
- Ensure quality in ESCOs operations
- New and exclusive product only available to appointed agents.
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