§6417 elective pay, without the bond cycle.
Municipalities, public school districts, state universities, and public housing authorities. Traditional ESCOs finance retrofits through bonds and multi-year procurement. NOI Energy's alternative structure uses §6417 elective pay to monetize the ITC in cash and delivers on-site solar, storage and EV without a bond issue or a savings-guarantee performance contract.
Why this segment fits
Procurement drag
Bond votes and multi-year procurement stall projects that could be delivered now.
Long-hold buildings
Public buildings are held for decades, which fits a 20+ year asset life.
Elective pay
State and local government owners can access credit value in cash through §6417.
Owner earns income. NOI carries the risk.
NOI Energy designs, finances, builds, owns and operates the on-site solar, battery and EV assets. The owner signs a site license and, at commissioning, begins receiving a monthly NOI payment.
The property or tenants (per the structure chosen at contract) buy energy on site at a discount to the utility rate. NOI Energy monetizes the federal tax credits, depreciation and any state incentives. The owner incurs zero capex, zero debt, and zero O&M obligation for 20+ years.
- 01Owner shares 12 months of utility bills + facility drawings
- 02NOI Energy issues a firm term sheet within 10 business days
- 03Site walk + structural / electrical assessment (2 to 3 weeks)
- 04Final proposal with binding NOI figure + compliance credit
- 05LOI → site license execution → interconnection
- 06Construction: typically 90 to 180 days from permit approval
Four forces shaping the public-sector decision
Regulatory pressures and rate structures reshaping the Northeast energy decision for this segment. Confirm current statute specifics with your tax and legal advisors.
Elective pay is available to state and local government entities.
A site license sidesteps the bond issue and performance-contract procurement path.
On-site generation contributes to state renewable portfolio goals.
Public building hold periods match the asset term.
Tariffs where we win
- ConEd SC-9 Rate III
- PSE&G BPL / GLP
- Eversource G3 / G4
- National Grid SC-2 / SC-3
- PSEG-LI 285 / 281
- JCP&L GS-Secondary
- United Illuminating GS-3
- PECO GS-Medium
Each has its own peak-hour, demand-charge and TOU structure. Our model reads your specific tariff.
Traditional ESCO vs NOI Energy
| What you get | Traditional ESCO | NOI Energy |
|---|---|---|
| Financial framing | You avoid a cost | You receive an income |
| Balance sheet impact | Debt or capex on your books | Nothing on your books |
| ITC monetization | Your problem | Our problem |
| O&M in year 12 | Your problem | Our problem |
| Decision cycle | Bond / board vote | Site license, direct-to-owner |
| Compliance credit | Attached, sometimes | Goes with the asset |
| Vendor lock-in | Retrofit-scope | Only the DER asset |
How this differs from a traditional ESCO
| Dimension | Traditional ESCO | NOI Energy |
|---|---|---|
| Value delivered | Guaranteed savings | New revenue |
| Financing | Bond financing | Site license, no public debt |
| Scope order | Retrofit-first | Generation-first |
| ITC route | Third-party tax equity | Elective pay, direct cash |
The fastest path is a modeled number on your specific building.
Send us the address. We come back with a firm NOI estimate in 48 hours.
All figures on this page are directional. Every deal is modeled to your specific tariff, load and roof. Incentive claims reflect our understanding as of the page date and require confirmation with tax and legal advisors before signature.