MAG Energy makes it happen.
We know cost is one of the biggest barriers to any project, and our net-positive funding structure is proven to make essential energy upgrades happen. Please contact us to learn more about how we can make your project happen.
We offer the full spectrum of funding solutions to ensure project success.
The goal is always finding a net-positive funding structure. From on-bill programs to EaaS programs, funding is no longer an obstacle to making important energy efficiency upgrades. Feel free to contact us to learn more about how we can help fund your project.
ENERGY AS A SERVICE (EaaS)
Energy as a Service (EaaS) is a project financing option in which MAG Energy assumes responsibility for your company’s project risks. After our MagMax Energy Audit we’ll implement a project strategy, provide new products and technologies to make your building more energy-efficient, manage your program and energy use, and offer ongoing performance services. After that, you’ll only pay for the energy savings you receive. If your building uses more energy than predicted, we will take on the difference. We’ll then use any energy savings to pay for your project. Even if your energy use fluctuates, you’ll still only be responsible for a regular monthly bill.
COMMERCIAL PROPERTY ASSESSED CLEAN ENERGY (C-PACE)
Commercial Property Assessed Clean Energy (C-PACE) is a state policy-enabled financing mechanism that allows building owners and developers to access the capital they need to make energy related deferred maintenance upgrades in their existing buildings, support new construction costs, and make renewable energy accessible and cost-effective. C-PACE is low-cost, long-term financing for energy efficiency, water conservation and renewable energy projects. Most commercial property types qualify for C-PACE financing.
EFFICIENCY MADE EASY® (EME)
MAG Energy is a long standing channel partner of Constellation, with over a decade of experience providing their EME funding solution to our customers.
This unique award-winning solution provides an opportunity to pay for energy conservation measures – with no upfront capital – through monthly charges that appear on your power or natural gas supply bill from Constellation. You can realize cost savings through a reduction in consumption and an improved load profile, which will positively impact future energy costs and your environmental goals.
COMMERCIAL POWER PURCHASE AGREEMENT (PPA)
A Commercial Power Purchase Agreement (PPA) is a financial agreement where a developer arranges for the design, permitting, financing and installation of a solar energy system on a customer’s property at little to no cost. The developer sells the power generated to the host customer at a fixed rate that is typically lower than the local utility’s retail rate. This lower electricity price serves to offset the customer’s purchase of electricity from the grid while the developer receives the income from these sales of electricity as well as any tax credits and other incentives generated from the system. PPAs typically range from 10 to 25 years and the developer remains responsible for the operation and maintenance of the system for the duration of the agreement. At the end of the PPA contract term, a customer may be able to extend the PPA, have the developer remove the system or choose to buy the solar energy system from the developer.
“Between off-balance sheet funding, tax incentives and on-bill programs like EME, funding for energy efficiency upgrades should not be a barrier.”
- Chad Fiedler, Director of Business Development, Energy Efficiency