McDermott Energy has pioneered a third party funding solution for customers looking to defer the capital cost of our systems. While the initial cost of installing renewable technologies can be higher than conventional equipment, the running cost savings can be substantial. Furthermore, in many circumstances we are able to lock in generous tax incentives, subsidies or grants. Increasing numbers of our customers find an approach that allows them to effectively convert capital costs into annual expenditure very attractive, especially as they still enjoy the significant benefits of energy saving and carbon reduction.
What we offer is a long term contract, which constitutes a fixed annual charge per kWh of heating and cooling delivered from the system. Installation, maintenance and performance optimisation are all covered by the payment eliminating project risk and reducing exposure to fuel and carbon market fluctuations. Typically we are looking to fund over a 20-25 year period, the life of our equipment, but we are happy to consider shorter terms where appropriate.