Financial firms may be competitively selected to provide financing, where the solicitation can be handled by the end-user or by an Energy Service Company (ESCO) on behalf of an institution as part of an Energy Savings Performance Contract (ESPC). The financing agreement is a stand-alone document, separate from the ESPC, between the institution and a financial organization. It is signed by the Institution at the same time as the performance contract. The financing agreement and the performance contract are linked through the payment schedules and the ESCO’s guarantee that the annual guaranteed savings meet the annual debt service (plus any other related expenses imposed by the performance contract such as monitoring and verification). This page provides model documents for developing a financing soliticiation as part of an ESPC. 

Find more information on Energy Savings Performance Contracting models.