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Opening of Proposals - WWTP Solar Guaranteed Energy Savings Contract Proj. No. 124-015 - Ameresco
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Opening of Proposals - WWTP Solar Guaranteed Energy Savings Contract Proj. No. 124-015 - Ameresco
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Board of Public Works
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Projects
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5/28/2024
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<br />16 <br /> <br /> <br />Energy Solutions <br />For Every Need <br />City of South Bend, IN <br />RFQ Guaranteed Energy Savings Contract <br />Department of Public Works <br />to submit for the credit. Ameresco also regularly uses the federal 179D tax credit program to maximize the value <br />to its customers for HVAC, lighting, and building envelope measures. For government property, this tax credit is <br />taken by the project designer as the project owner is tax exempt. Ameresco annually reports on these measures <br />to qualify for the credit. We can work with the City and its entities to provide a credit sharing agreement if desired. <br />This will be part of the upfront project discussions to determine the best project structure. <br />Troy CCSD 30-C, IL. Ameresco applied for and obtained over $1 million in Renewable Energy Credits (RECs) for <br />the school district along with over $500,000 in utility rebates after the project was completed. <br />Matchbook Learning, Indianapolis Ameresco applied for and obtained a $5.3 million Department of Energy Grant <br />through the Renew America Schools program which will enable the school to transform two warehouses into high <br />school career technical educational buildings. <br />Wells County, Indiana Ameresco assisted Wells County, with the financial audit process of $2 M in ARPA dollars <br />which was used to buy down the bond. This was one of the first projects in the state to use ARPA funds on a jail <br />project. This project utilized an innovative financial approach that enabled the County to create a safer environment <br />for inmates and correctional staff. <br />Financing Capacity | Financial Relationships <br />Ameresco’s relationship with financial institutions is one of collaboration, in which Ameresco operates <br />independently. Ameresco has financed projects in a variety of ways, including energy savings performance <br />contracts (ESPC), Energy as a Service (EaaS), and Design, Build, Own, Operate and Maintain (DBOOM). Ameresco <br />does not have a preference for the type of financing utilized; we feel that each project should be tailored to the <br />client needs and project type. Ameresco is also at the forefront of innovative funding opportunities such as public <br />private partnerships (P3), renewable energy certificate contracts, and PACE financing. We maximize the receipt of <br />grants, utility rebates, and tax credits at the federal and state levels. This allows for a complete and up-to-date <br />evaluation of potential aid to finance renewable energy projects and energy efficiency projects. <br />Ameresco has sourced and raised more than $4 billion of project financing over the past 23 years, from various <br />lending sources including John Hancock, Huntington National Bank, Bank of America, Capital One, Chase Bank, <br />Crews and Associates, Union Bank and several other financial institutions. Ameresco has a deep capital markets <br />team and is constantly sourcing new lending and investing relationships with some of the largest international <br />investment banks and institutional investors in the world. We are not tied to any financial institutions, though we <br />regularly work with many. <br />
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