25 Apr '11, 6pm

This Many Will Pay Your Utility Bill: An excessive utility bill is a capital asset, according to Steve Gossett...

This Many Will Pay Your Utility Bill: An excessive utility bill is a capital asset, according to Steve Gossett...

An excessive utility bill is a capital asset, according to Steve Gossett Jr. Transcend Equity , founded by Gossett and his father, has come up with a novel technique for improving the energy efficiency of commercial real estate that in many ways eliminates the uncertainties and complexities surrounding performance-based contracting, PACE and ESCO (energy service company) agreements. A big part of the appeal is the simplicity. Transcend will pay the utility bills for a building, that is, literally write the check on behalf of the owners or tenants. In exchange, the owner or tenant must pay Transcend a fee, typically less than what they would ordinarily pay for gas and electricity. The owners and tenants also have to give Transcend the right to install things like new air conditioners and building management systems. Ideally, the monthly cost of the capital improvements (min...

Full article: http://www.greentechmedia.com/articles/read/this-many-wil...

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