Building Energy Efficiency

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Construction Project Financing

Our 5 steps to financing your Project

5-steps-to-financing

Partner & Project Types

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Currently, there is a gap between investment capital managers wanting to support highly energy efficient building projects and the ability for developers to access that capital. better is bridging that gap.

We offer our construction project financiers project opportunities that have been assessed for viability. The better financing partners offer a wide variety of products to fit the needs of all types of projects, from non-profit community centers, to high-end multi-family developments. We do not currently have financing options for projects under $1.5 million or for single family homes.

Construction Project Financing Products include:

  • Non-profit and municipal project financing.
  • Traditional project financing with various equity options
  • Energy Service Agreement (ESA)

For more information on financing options login to our client portal

Non-energy Benefits (NEBs)

Monetizing the non-energy benefits (NEBs) of high performance construction is an essential component to capturing the true value of these projects. There is a spectrum of NEBs, from the avoided operation and maintenance costs, to improved productivity. Other benefits, specific to dense urban areas, include noise abatement and increased privacy. Lastly, and possible most importantly, these construction projects are more resilient due to their load demand and thermal profile, making them better equipped to handle the challenges of climate change.

better has partnered with leading academics, researchers as well as measurement and verification firms to develop a standard and framework to capture NEBs.

For more information on our NEBs, login here to our client portal.

Whole Life Costing and Life Cycle Cost Analysis ( LCCA )

Whole Life Costing and Life Cycle Cost Analysis are two tools used to capture and demonstrate the present value of deep retrofits and the adoption of high performance design for new construction. The purpose is to create a financial model that takes into account both direct and indirect energy costs to present a comprehensive cost structure. The better model draws on the best practices of both approaches in order to demonstrate the economic case for investment in energy efficiency.

An example in traditional construction projects is the fact that windows may last for approximately 30 years. It is not likely building owners would account for the cost of their replacement. Furthermore, there are embedded fixed expenses when one chooses to install less efficient windows. This is a fixed cost that should be accounted for over the useful life of the windows. WLC and LCCA models demonstrate the tradeoffs between cost and other factors that are important to the client such as carbon.

For more information on our WLC / LCCA login here to our client portal.