OVERVIEW
By combining financial innovation with technology, cloud-based computing and networking, Abundant Power has created EPx™, a turnkey, self-financed “active energy management” service that overcomes the initial barriers of up-front cost, trust and ease of adoption. EPx™ allows building owners to transform their existing utility bill into a dividend-paying service agreement for financing a building’s transformation into a healthy, high performing property.
Abundant Power designs and delivers energy efficiency financing programs in partnership with states, local governments and utilities nationwide. We bring a unique combination of skills to our clients to customize solutions that create impact and scale.
ENERGY EFFICIENCY MADE SIMPLE
EPx™ is a highly innovative product that self-finances high impact energy efficiency improvements to underperforming facilities. It is a turn-key, non-disruptive, no maintenance and no cost service to building owners and property managers that provides optimized building performance. The EPx™ solution allows building owners to use their existing utility bill payment to finance an energy management service utilizing “smart building” technology and equipment upgrades that lead to reduced operating costs and increased property values. Through our shared savings program, XpointsTM , building owners can participate in up to 75% of utility bill reduction or take advantage of other programs that benefit building performance. Specifically building owners can allocate savings to our tenant engagement program, TENx™, which allows tenants to allocate building’s savings to charitable causes of their choice. This innovative incentive program rewards behavior change while accelerating long-term impact on energy efficiency improvements.
What We Provide to Property Owners:
- Preserve your capital: No out-of-pocket costs. We make the investment.
- Lower your maintenance costs: Extend equipment and personnel productivity.
- Reduce building energy costs: Receive up to 75% of total savings achieved.
- Improve sustainability assets: ENERGY STAR & LEED.
- Increase tenant satisfaction: Enhance leasing and retention rates.
- Local law compliance: If applicable
Xpoints™
Xpoints™ is an innovative and proprietary rewards point system that creates a new currency of value for energy savings realized under the EPx™ contract. Xpoints™ are awarded based on three levels of kWh savings achieved over the term of the contract. Each level represents a new level of savings participation for the building owner: Silver (25%), Gold (50%), and Platinum (75%). To ensure alignment of interests, Xpoints™ levels are tied to the actual financial performance and energy consumption of the underlying contract. Building owners begin to visualize savings immediately through monthly Xpoints™ deposits and dashboard reports. In lieu of service fee reductions, building owners may choose additional incentives including discounts on additional EE equipment or retrofits. Xpoints™ levels can be adjusted for equipment purchases and comprehensive retrofits. As an invested service provider, Abundant Power will serve as the advisor on further upgrades and Xpoint achievement.
TENx™
TENx™ allows building owners to dedicate a minimum of 10% of the realized savings to eco-charities and environmental causes selected by tenants in the building. The tenants vote through a tenant portal, where they can also view building performance dashboards and engage in other building related activities. Building owners can accelerate their own Xpoint accumulation by engaging their tenants and encouraging behavior modification. Building owners and other service providers can also communicate and offer brochure ware though the TENx™ portal. The combination of Xpoints™ and TENx™ features can achieve high network value through gratification, positive impact on the tenant community and increased tenant interaction with the building owner and manager.
Process
| Quick Due Diligence |
Easy Execution |
Excellent Service |
- ENERGY STAR benchmarking and virtual energy assessment (Energy star score < 60)
- Opportunity and risk assessment
- Commercial buildings, retail, light industrial, privately owned universities, schools and hospitals
- Minimum building size of 30,000 square feet
- Multi-tenant, single tenant and owner occupied
- Broad range of credit quality considered
- Minimum $5-10k per month utility spend
|
- Engineering energy analysis
- EPx™ makes investments into your building to ensure high performance.
- Operational improvements
- Device-specific controls
- Recommend strategic capital upgrades
|
- Active Energy Management: 24/7/365 monitoring via cloud-based monitoring system
- 5-year simple contract
- Single EPx™ monthly energy bill
- Monthly performance statements
- Share in the savings via our innovative
- Xpoints™ program
|
Next Steps
Contact us to get started!
We just need a copy of your utility bill and a short phone survey.
Email: EPx@AbundantPower.com or Call: 704-271-9890
Other Products
EPx™ finance and technology platform is flexible and can be combined and extended to specific technologies, financing products and for longer term retrofits.
| EPxHotel | Utility savings finances strategic energy improvements in hotels |
| EPxPlus | Utility savings finances long term retrofits |
| EPxPace | Utility savings finance leveraged by PACE loans |
| EPxOnbill | EPx™ repayment made directly through utility bill |
| EPxDirect | EPx™ as a Fee for service |
Property Manager Services
EPx™ is designed to be the engine of your property management company’s white label service to existing and future clients. EPx™ allows you to quickly and efficiently offer energy efficiency as a service and compete more effectively in a crowded market place.
EPx™ Savings Example
LOAN PROGRAMS
Abundant Power is one of the leading energy efficiency underwriters in the nation. We built our energy loan underwriting platform based on traditional, nationally recognized credit underwriting standards for residential, small business and commercial loans coupled with our unique "energy underwriting" capability to evaluate cash flow payback on energy efficiency initiatives. We customize each program to best align with the financial and sustainability goals of each client.
Abundant Power has developed a proprietary energy loan underwriting and servicing platform that combines credit and energy performance standards to ensure the promise of energy savings and borrower satisfaction. Abundant works in partnership with governments, utilities and capital sources to originate, underwrite and service direct and subsidized loans that are based on sound credit and projected and ongoing energy savings. Our proprietary SAVES™ – Sustainable and Verifiable Energy Savings - platform has served as the basis of a number of leading energy efficiency loan programs nationwide. As third party administrators, Abundant streamlines and simplifies the underwriting process, manages risks and measurement & verification of energy savings.
Our Core Services Include:
- Energy efficiency assessment management
- Financial underwriting standards that meet or exceed capital markets requirements
- High quality origination and loan servicing standards, including loss mitigation and default management
- Prescriptive and performance options to maximize energy savings and ensure optimal cash flows
- Energy measurement and verification
- Energy asset protection
- Marketing and demand generation strategies and support
EAPx™
EAPx is based on Abundant’s proprietary EPx
™ technology platform. EAPx is used by governments and utilities to ensure that system wide energy asset degradation does not occur over time. Abundant utilizes device specific, low cost control and monitoring technology deployment system wide to provide an additional service to program participants as well as organic, real time, continuous EM&V to loan program managers. EAPx helps prevent early program enthusiasm from devolving into long term program failure and dissatisfaction.
Direct Loans
Direct Loans – Abundant works with governments and utilities to design, originate, underwrite and service direct loan programs.
- Standardized energy underwriting protocols and documentation
- Partnerships with local banks and credit unions
- Credit enhancements design to reduce interest rates and expand available funds
- Case Study (PDF)
QECBS
QECBS – Abundant is a leading designer and administrator of Green Building programs financed through Qualified Conservation Bonds.
- Low interest financing tool
- Allocations for municipalities over 100,000 in population
- Specialized structuring and application for eligible programs and projects
- Case Study (PDF)
PACE
PACE – (Property Assessed Clean Energy) – Abundant utilizes its finance, engineering, and technology expertise to originate and administer PACE loans and programs nationwide.
- How it works
- Local government creates an energy efficiency improvement district
- Bond is issued with private bond buyers and secured by real property within the district
- Proceeds are used for renewable energy and energy efficiency projects
- Secured by a senior lien position on property, structured as property tax assessment
- Property owners repay the debt service as part of their property tax bill
- Consent of lien holders required
- Participation is 100% voluntary, only property owners who choose to participate pay the assessment.
- Residential, commercial, and industrial buildings may be included
- Benefits
- Off Balance Sheet
- No upfront fees or ongoing interest costs
- Longer repayment periods (up to 20 years)
- Debt can be assumed by future property owners
- Reduction in capital expenditures (extended equipment life)
- Designed to ensure annual operating cost savings offset annual financing cost
- Lower operating costs long term/enhanced property value
On-Bill Finance
On-Bill Finance – Abundant works with Utilities to manage On-bill loan programs to ensure system wide loan performance.
- How it works
- Developed in partnership with utility
- Proceeds are used for renewable energy and energy efficiency projects
- Attached to meter, or a required payment
- Property owners repay the debt service as part of their utility bill
- Participation is 100% voluntary - only property owners who choose to participate repay the cost of their project through a line item on the utility bill associated with the improved property.
- Residential, commercial, and industrial buildings may be included
- Benefits
- Off Balance Sheet
- No upfront fees or ongoing interest costs
- In some cases, debt can be assumed by future property owners
- Longer repayment periods
- Annual energy cost savings expected to offset annual financing cost
- Enhanced property value
- Encourages demand side management programs and energy efficiency throughout participating territories
On-bill financing programs eliminate the chief barriers to adoption of energy efficiency projects: upfront capital investment and unsecured lending. By creating an obligation on the property tax or utility bill, lenders gain the advantage of a more secure project while property owners enjoy favorable financing terms and local governments or utilities support private property owner financing of renewable energy and energy efficiency projects.