Energy Investment Systems

Construction Administration

Our construction management service includes design, specifications, bid solicitation and on-site inspection.  We work closely with the board of directors to select the best contractors, establish mutually agreeable work and payment schedules, and recommend corrective actions where needed at each major stage of construction.  Our overriding objective is to relieve the board of directors and its managing agent of the burdens and headaches associates with major construction work.

Project Financing

EIS has unparallel experience and knowledge of project financing. EIS developed a series of underwriting principles that lenders used to evaluate and process loan applications.  EIS was the first to integrate two or more state programs to promote comprehensive energy improvement implementation. 

EIS searches for the most cost effective financing possible to satisfy the EIS requirement that owners are “In the Black from Day One” once technologies and improvements have been implemented. We view financing as “the great equalizer” that makes advanced technology affordable. While technologies are expensive the savings in energy have greater value as energy costs increase. In crafting a financing package we identify the net capital costs after incentives are realized. We calculate debt service for the entire package of improvements and assess the ability of energy savings to prudently support debt. We analyze all benefits of implementing improvements that will accrue to a building, including avoided maintenance and repair costs, interest tax deductions, depreciation, J-51 property tax abatements, and in rental properties, MCI rent increases.

Our financing would be unsecured and extremely affordable with interest rate reductions of 6.5% in New York City assuring a net interest rate of 1-3% for energy saving equipment financing. NYSERDA loan reduction programs are capped at $5,000 per unit. Should buildings require more funding for energy or non-energy related work a blend rate loan can be structured. There are many financing opportunities available today. Not all loan instruments are feasible in certain situations. The ability to “lease” improvements with similar NYSERDA subsidies and opportunities for “Performance Contracting” is available to facilitate implementation under a variety of diverse circumstances.

Through a combination of subsidized financing and applicable incentives EIS can enable successful and quick implementation of a full range of energy improvements.

• Finance improvements with positive cash-flow
  • Obtain lowest debt service through interest subsidies and favorable term and interest offerings.
  • Achieve energy cost reductions substantially in excess of debt service.

Comprehensive Government Program Management

Government subsidy programs to encourage energy efficiency and conservation can offset the costs of new equipment and enabling technologies and even assist technical studies. EIS stays abreast of these continuously changing programs in order to identify improvement incentives and resource requirements, and coordinates and administers their attainment for client buildings. 

As part of the comprehensive energy audit, EIS will develop improvement recommendations that include additional measures to assure long-term physical integrity.  These improvements are necessary to achieve thresholds to be able to participate in select federal, state, and local tax credit, lower rate loan, and grant programs as well as additional property tax abatements.

In addition to facilitating the realization of incentives this task area identifies prospective incentive opportunities before programs are formally introduced and adapted. We will analyze program criteria and requirements and calculate prospective incentives. We will advise clients of programmatic procedures and develop a strategy to satisfy approval criteria as necessary. Once client approved we will conduct the requisite studies and expedite their satisfaction and documentation of incentive eligibility and compliance. We will document actions to include technology implementation and energy use and savings. We will assist the client to comply with any requirement until incentives have been received.

At times incentives from two or more sources may exhibit a certain mutual exclusivity. It is our responsibility to craft a program that maximizes the receipt of incentives by allocating of specific incentives to different technologies.