Public-Private Partnership (PPP)

When you start a renewable energy initiative, funding is likely one of your top priorities. However, if you are in education, government, or operate as a non-profit, your tax-exempt status can dictate your available project financing.

A public-private partnership (PPP) may help you afford your renewable energy project, and SitelogIQ is here to help guide you through the process.

What Is a Public-Private Partnership?

A PPP is a long-term contract between a private company and a government or non-profit organization. Quite simply, it’s used to provide money-saving tax benefits for tax-exempt organizations that would not otherwise qualify for discounts on renewable energy equipment.

Most renewable energy initiatives — such as installing solar panels, geothermal HVAC systems, wind turbines, and similar equipment — have significant design and installation costs. But many of these costs are usually covered by federal income tax benefits, which give businesses back a large percentage of their investment. However, tax-exempt facilities cannot obtain these benefits. These organizations could even end up paying more for their energy-efficient project. That’s where a PPP comes in.

A public organization can partner with a private company — like SitelogIQ — that will take on the full responsibility for the project’s investment and management. We’ll legally own the equipment for a set number of years so that you can pay for its financing through the increased tax benefits. Together, we’ll sign an energy services agreement (ESA) that allows you to use this equipment and benefit from lower energy costs.

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Benefits of a Public-Private Partnership When Financing Renewable Energy Solutions

The most substantial advantage of an energy PPP is the initial cost savings. The expenses associated with renewable energy initiatives are numerous, and most schools and non-profit groups can’t afford to undertake such a project alone.

If you want to increase your building’s sustainability but can’t afford to finance such an investment on your own, we can work with you to take the burden off your shoulders. While we’ll legally own the equipment throughout your contract, you can enjoy full use, as well as all the advantages associated with renewable energy.

A renewable energy public-private partnership also provides benefits such as:

  • Increased sustainability and lower reliance on fossil fuels
  • A higher return on investment if you choose to sell your building
  • Ongoing maintenance and support from our expert staff
  • Lowered ongoing energy costs
  • Eliminated maintenance costs on old, outdated equipment

Work With SitelogIQ for Your Energy PPP

At SitelogIQ, we understand the demands of different school districts, government facilities, and non-profit organizations are as unique as you are. We’re committed to meeting your individual needs, which is why we begin each PPP project with an in-depth consultation. We’ll get to know your organization, business goals, energy needs and other vital factors before working with your in-house team as your renewable energy partner.

We’ve helped business at more than 11,000 job sites nationwide realize their building’s efficiency and decrease their energy use. Our knowledgeable team and innovate technologies have saved clients an equivalent of more than $1 billion in total value.

Learn more about how we can help you save with a public-private partnership. Contact us today to get started.