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Energy Savings Performance Contract is Highlighted as LED Financing Solution

July 31, 2014

LED streetlight upgrades are energy efficient and reduce maintenance costs, but many towns are searching for a solution on how to finance an LED upgrade. An innovative, cost-saving finance solution used in Blind River, Ontario is the topic of an article published by The Algoma News, which serves south-central Ontario.

RealTerm Energy is providing Blind River this financing option known as Energy Savings Performance Contracting (ESPC). The ESPC has RealTerm Energy finance the project while Blind River funds those costs by sharing the annual savings in energy and maintenance costs after the LEDs are installed.

Local Authority Services (LAS) was the initial group to identify the best LED solution for Blind River’s energy-saving and financial needs.

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