Tab Cohen is lead¬ing the initiative for Rabco Energy Solutions.
Mr. Cohen said "the 5 to 10 year leases allow school districts and other municipal government entities that don't qualify for federal stimu¬lus grants or federal tax credits to install solar thermal systems on municipal buildings with no out of ¬pocket cost and reduce their gas and electric bills".
We engineer, procure, constr dodge uct and operate it; the client signs a long-term lease.
Rabco also offers capital leases to businesses that often allow them to recapture the installed cost within a few years and remain revenue neutral. Our system almost becomes free! At the end of the lease we offer a very low buy-out option. Then all the energy the client produces is free. The sun never sends you an invoice. For many schools and not for profit organizations, the upfront capi¬tal cost is a huge hurdle. They're not eligible for some of the grants be¬cause they're nonprofits. Therefore, we absorb the upfront capital, take all the grants and all of the inc auto part entives. In turn, we produce for our clients a very reasonable ROI.
What this means for a client's utility costs is this: on average across the U.S., electric¬ity is going up about 6.5 per¬cent a year. We predict a natural gas inflation rate of about 8% per year. Therefore, not only are companies saving money, but they are maki chevrolet ng a hedge on inflation and a hedge on the turmoil and the price of en¬ergy. Once the client's lease is up, they can choose the low cost buyout option. Then all the future energy they generate is free. So if you have a million therms and kilowatt ¬hours you're saving on, that's a huge savings for a school district or a local government. audi With the savings that only a solar thermal system can generate, they can take that money and put it toward other needy projects. Essentially, this is a win-win situation for everyone involved and good for the earth and future generations to come. Visit our website at http://www.rabcosolutions.com for more information and contact info. http://www.youtube.com/watch?v=ggap2dJ4JDY
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