CisionWire
PA Treasurer McCord Unveils Innovative Energy Efficiency Program to Help
Colleges Finance Money-Saving, Job-Creating Energy Efficiency
Projects Read
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Philadelphia Business Journal
Pa. links with private equity for college energy efficiency program Read
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Mitsui USA and Transcend Equity Development Agree to Form Innovative
Joint Venture in Energy Efficiency Read
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NYinc Magazine
Sean Neill interviewed by NYinc Magazine for EcoPeople Section. Read
more >>
Managed Energy Services Agreements (MESAs)
commit a landlord to pay historical energy use for
a fixed period
of time, and makes the energy-efficiency supplier responsible
for paying the energy bill. MESAs don’t require
landlord capital or increase operating expenses, they
don’t use cost recoveries, and they provide benefit
without financial risk.
Why aren’t more property owners fixing up their
buildings? Even though reducing energy use by 25 to
35 percent is very achievable with a comprehensive
retrofit, there’s still hesitation.The first
reason: Property managers usually can’t
recover those dramatic savings on their own balance
sheets. A vast portion of commercial square footage
in the United States is governed by leases that make
the landlord responsible for capital expenditures and
tenants responsible for rising operating costs.
