Pay from savings is a strategic design-build energy plan that is paid for by its savings. This is where you pay from a savings account. This type of savings account is an interest-bearing deposit account held at a bank or other financial institution. These accounts typically pay only a modest interest rate. Their safety and reliability make them a good option for parking cash that you want available for short-term needs. They can help in multiple ways.
- It turns your energy project into a self-funding initiative. The savings from improved energy efficiency and security systems will directly finance the cost of the plan itself. This way, you effectively pay $0 upfront, focusing your finances on other important areas of your business.
- Because the investment is designed to be offset by the savings, you can avoid taking on any additional financial burden. This eliminates any potential financial risk associated with the transition to energy-efficient solutions.
- As you continue to save on energy costs, the system will eventually pay for itself. Beyond that point, all future savings are a net gain for your business. Plus, by reducing energy consumption, you’re contributing to a sustainable future and enhancing your company’s green credentials.
