FREE

  • About Us
    • Mission & Purpose
    • Organizational Structure
    • FREE Team
      • Board of Directors
      • Financial Advisors
      • Staff
      • Research Team
      • Co-Founders
  • PennSEF
    • About
    • Participating
    • Documents
    • Current Indicative Borrowing Rates
    • Financing
    • Webinars
  • The SEU
    • About / The Model
    • FREE and the SEU Initiative
    • Education and Advisory Service
  • Research
  • News & Blog
    • Announcements
    • FREE Thoughts Blog
    • Media Kit
  • Library
    • Policy Briefs
    • Publications
    • Videos
  • Contact Us
  • Donate
You are here: Home / PennSEF / Financing

Financing

IMG_0882Twice monthly PennSEF reports Indicative Borrowing Rates on the Program’s webpage. Indicative rates are projected by bond maturity and credit rating for tax-exempt and taxable financings. Through pooling, serialization, and customization, the Programcan offer highly competitive cost-efficient financing.

The PennSEF financing structure has four major components (see bond financing diagram below):

  1. Participant enters into lease with the issuer agreeing to make quarterly payments for installation of energy/water conservation and onsite clean energy generation measures (“CMs”).
  2. Participant signs a Guaranteed Savings Agreement (“GSA”), with a Program pre-qualified Energy Service Company (“ESCO”), that identifies all CMs, their annual guaranteed savings and debt service, payback periods, debt service, and other metrics over the life of the agreement.
  3. Participant and ESCO enter into a Program Agreement and agree to report performance metric search quarter by CM, and to specify direct and indirect job creation.
  4. Issuer issues bonds secured by payments under the Participants’ Leases.

 

Financing Diagram

Financing Timeline

Indicative Borrowing Rates

Who Can Answer Questions?

PennSEF

  • About
  • Participating
  • Documents
  • Financing
  • Webinars

Policy Brief Authors

Policy Brief Authors

Financing

Financing Diagram

Financing Timeline

Indicative Borrowing Rates

Who Can Answer Questions?

Announcements

FREE Announces Graduation of Gayoung Song, Two-Time Winner of the FREE Doctoral Fellowship

Public Transportation and the Legacy of Jamie Lerner and Curitiba, Brazil

American national climate policy inaction leads to emboldened communities, policy successes

Recent Posts

Mobile Money in African Market Places: Past, Present and Future

Africa Charts Its Course in the Age of AI: The Significance of the Africa Declaration

Stay Connected

Get email updates about new announcements, policy briefs and relevant information.

We never share your contact details.

Connect

E: contact@freefutures.org
P: +1 212 705 8758
P: +1 215 494 7383

SUPPORT FREE

Social

  • Email
  • LinkedIn
  • YouTube

Search FREE

Copyright © 2025 · FREE · Site by: Epic Brand Media