A Performance-Based Funding Solution
Energy-as-a-Service is a pay-for-performance solution that allows the private sector to implement multi-measure infrastructure projects with zero upfront capital expenditure. Additional program benefits include:
1. Pay with savings structure
2. Immediate, positive operating income
3. Guaranteed results
The SmartWatt Advantage
SmartWatt is the only design/build energy company offering a truly turnkey, multi-measure, multi-site energy-as-a-service solution.
Proven track record of successful programmatic rollouts for national accounts.
Industry-leading customer service rating/NPS score and stellar safety record.
Unparalleled experience with bundled guaranteed energy projects.
All of the Benefits. None of the Risks
SmartWatt’s Energy-as-a-Service is the energy efficiency solution you’ve been looking for. Benefits include:
No upfront capital investment
Simplified Procurement: Energy-as-a-Service eliminates the hassles and delays associated with internal CAPEX approval processes
Reduced operating costs
Reduced maintenance costs
Improved operational efficiencies
Increased business intelligence/data
Improved working conditions
Reduced carbon emissions
It can be easy to overlook the high cost of utilities as simply the cost of doing business. As such companies sometimes think that postponing energy efficiency projects until budget dollars are available is the wisest financial decision.
The reality is that delaying energy infrastructure upgrades – even for just one year – is often a costly course of action.
Here’s why: the U.S. Environmental Protection Agency estimates that as much as 30% of the energy consumed in buildings is wasted. The money lost due to inefficiencies in just one year frequently totals more than all the costs of financing energy-saving upgrades.
Waiting to implement energy infrastructure projects also delays the point at which energy savings begin to accrue. The more you save, the more you can do!
Cumulative NPV Cash Flows: Portfolio Efficiency VS CAPEX
By spending capital outside their core business, companies forego the return from investing in what they do best.
No Purchase Necessary. Literally
Since SmartWatt funds the program and owns the energy savings assets, you have absolutely no capital expense – and none of the hassles and worries that come from equipment ownership.
Your realized energy savings pay for your efficiency upgrades. Your guaranteed energy savings are calculated using agreed-upon measurement and verification protocols. A portion of those savings is simply charged back to you each month as an operating expense.
Typical Project Profile
Energy-as-a-Service can be used for a wide range of efficiency solutions, including:
HVAC, chiller, boiler and furnace upgrades
Building automation systems
Equipment process controls
Pumps and motors
Fortune 100 Tech Company Utilizes Efficiency as a Service to Achieve Energy Goals
Like many other Fortune 100 companies, our customer had established ambitious energy efficiency goals. Accessing the capital funding required for enterprise-wide energy optimization was challenging, so the initial approach was to proceed on a project-by-project/region-by-region basis. The inefficiencies and inconsistencies resulting from this piecemeal approach quickly became apparent, and our client sought an alternative solution.
The obvious solution was to identify a national partner offering the financial, technological, construction, measurement, reporting, and monitoring building blocks needed to implement enterprise-wide energy optimization. SmartWatt recommended our Efficiency as a Service program, which shifted all implementation costs and asset ownership to a third party, Metrus Energy.
Since the Efficiency as a Service platform freed our client from any capital investment, they could triple the number of facilities they could make energy efficient each year. The result? Millions of dollars in realized energy savings.
Avg Op Savings