April 8, 2015: Incenergy Partners with Joule to Provide Financing for Energy Efficiency Projects
Financing to Meet Growing Demand for Energy Management at No Up-Front Cost to Customer
AUSTIN, Texas, and BEDFORD HILLS, N.Y. — Incenergy LLC, an energy efficiency software and equipment manufacturer, and Joule Assets Inc., a provider of microcapital solutions for energy efficiency and demand response, have announced a new project finance partnership. Under the terms of the deal, Joule Assets will enable Incenergy to offer in-house financing to its portfolio of clients.
Based in Austin, Texas, Incenergy offers HVAC retrofit solutions, energy management, energy metering, lighting controls, and integration services globally for the commercial building market. Targeting commercial buildings under the 150,000 square foot range, Incenergy’s potential customer base includes more than five million buildings in the U.S. alone. The company said its energy management platform helps businesses achieve 15-30 percent energy reduction, substantially lowers CO2 emissions, and attracts sustainability-minded tenants. Incenergy estimates that the advent of new financing options like Joule’s will significantly increase sales of its energy management systems.