Most retrofit projects die in the budget process. PEC’s four-layer capital stack; rebates and incentives deducted up front, 0% financing options, Utility On-Bill Financing (where available), and total energy savings, can potentially eliminate the up-front cost entirely. Your project could pay for itself, starting month one.
financing options available
in select utility territories
financed through PEC Capital lifetime
Almost every facility leader has lived this cycle: you scope the project, build the business case, walk it into the CFO’s office, and you get the same answer: “We don’t have room in this year’s capex budget.” The project moves to next year’s budget, the energy waste continues, the utility rebate program changes, and a year later you’re scoping the same project all over again. The bottleneck isn’t the math. The bottleneck is where the money comes from.
Even a project with a 1.8-year payback can’t squeeze into a budget that was committed to other priorities six months ago.
A $500K project paid in cash competes with inventory, AR, hiring, and growth investment for a multi-year payoff.
Drawing on a revolver to fund the project burns rate, eats covenant headroom, and signals discretionary spending to lenders.
Most energy solutions providers say “here’s the price” and leave the funding to you. They aren’t a finance partner, they’re a vendor.
PEC engineers your project’s capital structure the same way we engineer the lighting layout; to maximize what your facility gets, and minimize what you pay. We stack up to four sources of funding on the same project so you don’t write a check on day one.
PEC’s in-house Incentives team finds, applies for, and secures every dollar your project qualifies for. The full estimated amount comes off your invoice, so you don’t have to wait for the rebate check. This often covers 20–100% of the project cost before any financing is needed.
PEC Capital offers 0% financing on qualifying projects. You pay the net cost (after incentives) over time with no interest and the terms are aligned to your projected energy savings. Designed for commercial and industrial customers who want to preserve cash and credit lines.
Some utilities offer On-Bill Financing programs that let you fund the project directly through your power bill. Instead of writing a check or signing a loan with a traditional lender, the project payment appears as a line item on your monthly utility bill, with zero interest. Utilities typically structure your monthly loan payment to align with your projected monthly energy savings, resulting in “bill neutral” financing.Â
We engineer the project so the monthly energy savings exceed the monthly financing payment. From the day the system is commissioned, the savings hitting your P&L are larger than the payment leaving it. Your facility is more efficient, your bills are smaller, and the math works on day one , not in year three.
PEC scopes the retrofit and models projected energy savings.
Our Incentives team finds, applies for, and secures all program funding your project qualifies for.
We model the project across the four layers: incentives, 0% Financing, OBF (where available), and energy savings, and present a structure that minimizes up-front cost.
If financing is part of the stack, PEC Capital runs a digital prequalification, typically in 5–7 business days. No paperwork on your desk.
Standard PEC project management process — operations-first scheduling, manufacturer-direct relationships, zero production disruption.
From commissioning forward, your monthly energy savings exceed your monthly financing payment. The project pays for itself.
TransPak move forward with LED upgrades without tying up capital. By leveraging On-Bill Financing and utility incentives, TransPak completed most projects with zero upfront cost—capturing $78,487 in incentives, saving $171,058 annually, and reducing lighting energy use by 64%
Client Rebates Secured
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Yes. PEC Capital offers 0% financing on qualifying commercial and industrial energy projects. Terms are typically 24–60 months, aligned to projected energy savings. Digital prequalification is usually complete in 5–7 business days.
On-Bill Financing is a utility-administered financing program. Instead of paying for the project up front or taking out a loan with a traditional lender, the project payment is added as a line item to your monthly utility bill, with zero interest. Utilities typically structure your monthly loan payment to align with your projected monthly energy savings, resulting in “bill neutral” financing.Â
OBF programs vary by utility. PEC currently participates in OBF programs administered by Pacific Gas & Electric, Southern California Edison, PSE&G New Jersey, Jersey Central Power & Light, and more. Ask your energy expert whether your utility offers it for your project. Even where OBF isn’t available, many major utilities offer subsidized financing programs at well below market rate.
Treatment depends on your accounting standard, project structure, and auditor’s interpretation. In many cases OBF can be treated as an operating expense, meaning the project may not require capex approval at all. Talk to your CFO and your auditor before structuring the deal. We can provide documentation to support that conversation.
Yes. PEC Capital offers low-interest financing, Energy as a Service (EaaS), and lease-to-own options on projects that don’t qualify for 0%. Our team will model multiple capital structures so you can compare.
Personal guarantees are not required on qualifying projects. Larger or higher-risk structures may require a guarantee — terms are disclosed during prequalification.
Digital prequalification is typically complete in 5–7 business days. Full approval and document signing usually follow within another 7–10 days. From first conversation to project kickoff, most financed deals close in under 3 weeks.
Yes — and that’s the point. PEC stacks utility rebates, state programs, OBF, and 0% PEC Capital financing depending on your specific needs and program eligibility. The result is typically zero capex up front and cashflow positive on day one.
LED lighting retrofits, EV charging infrastructure, energy monitoring systems, and combined energy optimization projects. Talk to your energy expert for project-specific qualification.
PEC’s project engineering models savings conservatively, with a contingency built in. Even at the low end of projections, financing terms are designed to remain below monthly savings. If your operations change materially during the term, our team will work with you to restructure.