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COSE offers its members financing options to help manage the costs of energy efficiency programs at your business through:
COSE Interest Rate Reduction Program
COSE works directly with KeyBank to provide flexible financing options for small business energy efficiency projects. The key to this relationship is the creation of an interest rate reduction program for qualifying energy efficiency projects for members projects. Loans are structured so that the reduction in your utility bills covers the loan repayment, spreading out the cost of the equipment without negatively impacting cash flow.
COSE has partnered with Clean Fund. Greenworks Lending and Petros Partners to enable property owners to access financing to undertake qualifying energy efficiency and clean energy improvements on their buildings and repay the investment through an additional charge (“assessment”) on their property tax bill. Watch the video below to learn how PACE financing can help you pay for your energy efficiency project.
Get Paid for Your Energy Efficiency Projects
- PJM offers cash incentives to all nonresidential customers who install(ed) energy efficient equipment that permanently reduces the use of electricity during peak times. The project may qualify for up to four years of payments after the installation. Also, after the project is approved, there is absolutely NO RISK to the customer as long as they continue to operate the new energy-efficient equipment. The money will be paid in a lump sum or quarterly depending on the size of the project. COSE was named an administrator in 2015 and available to assist at no cost. This program applies to businesses, nonprofits and municipalities.
- FirstEnergy, large user customers may qualify for exemption from the Demand Side Management Energy Efficiency Rider (DSE2) by demonstrating and committing their energy savings through your upgrades, to qualify to bypass rider charges on all of your electric usage. COSE was named an administrator for FirstEnergy in 2009 and is available to assist at no cost to the user. This program applies to businesses, nonprofits and municipalities.
- Cash Rebates
Since 2009, COSE has been a FirstEnergy Ohio Administrator assisting hundreds of eligible businesses get access to the cash rebates for projects. Currently, FirstEnergy has temporarily suspended their rebate programs for commercial and industrial customers. Check back for updates!