Citizen Energy increases the adoption of energy efficiency through its LED Lighting as-a-Service financing solution for commercial and multi-family buildings. Citizen Energy is headquartered in Washington, DC, and since 2012, has been particularly focused on helping underserved small to midsize business owners and organizations reduce energy demand and carbon emissions, and save money.
- Multi-family buildings (Condo/Homeowners Associations and Apartments)
- Commercial office
- Car dealerships and retail
- Manufacturing and warehouses
- Parking structures and shopping centers
Citizen Energy offers a $0 upfront LED Lighting as-a-Service (LaaS) financing solution that allows customers to upgrade to LED, improve illumination and save up to 50% on energy and maintenance costs. Customers pay a, cash flow positive, fixed monthly payment, which is calculated as a share of the estimated savings. The LaaS customer contract term is typically 5 years and is structured as an off-balance sheet, performance based service contract for customer’s to treat payments as an operating expense, and avoid capital expenditures or debt. Citizen Energy eliminates risk, and monitors and maintains the LED’s to ensure peak performance. At the end of the contract term, customers have several options including renewing the same contract with a reduced monthly payment, or achieve even greater savings by refreshing to the highest performing LED equipment available in the market.
Name: Edwin Luevanos
Telephone number: (202) 499-1595
Citizen Energy increases the adoption of energy efficiency through its LED Lighting as-a-Service financing solution for commercial and multi-family buildings.
|$2.25MAs of December 2019|