by Shane Henson — November 11, 2011—Building owners and tenants searching for avenues to perform efficiency upgrades in order reduce energy use and costs can now take advantage of a new service, SeriousCapital, created by Serious Energy Inc., a leader in energy efficiency solutions that increase the value of buildings. According to the company, SeriousCapital provides the capital required for energy improvement projects and services in an off-balance sheet financing arrangement. In addition, SeriousCapital assumes the performance risk of energy projects and guarantees customers an immediate utility bill discount. The financial concepts behind SeriousCapital—building upgrades at no upfront cost—were in part adopted from the successful solar power purchase agreements which have proliferated in the past few years.
“Just give us your utility bill. We will do the rest,” said Kevin Surace, CEO of Serious Energy. “We’re changing the way people think about upgrading buildings. Now, with no out-of-pocket costs, building owners, cities, states, and schools can upgrade the efficiency and comfort of their buildings immediately. No reason to wait. The upgrades will be cheaper, better, and easier than anyone else. This is the breakthrough in delivering efficiency upgrades that building owners have been waiting for.”
The Clean Energy practice group of Grubb & Ellis Company, a leading real estate services and investment firm, has been retained by Serious Energy to identify opportunities with occupiers and owners across the United States interested in making energy efficiency upgrades to their buildings.
