Owatonna Public Utilities
Partnering in Energy Solutions
Energy Efficiency Financing
OPU's Partnering in Energy Solutions Energy Efficiency Financing program allows for a significant portion of the
cost of the customer’s project to be placed directly on their OPU invoice. To apply, please complete the following.
Customer Name:
Contact Name:
Address:
E-mail:
Contract Account #: Phone #:
Energy Solutions Partner (ESP): ____________________________________________________________________________________________________
Provide a brief description of the energy conservation project: __________________________________________________________________
Estimated Actual
Project Cost $ $
Rebate $ $
Requested Financing [Cost - Rebate]
(Maximum of $25,000)
X_________________________________________ X_________________________________________
Customer Initials
Final Financed Amount- Signature Required
The customer agrees to:
Pre-approval process
•
Check with OPU to make sure financing funds are still available.
•
Allow OPU to investigate your credit history; requires a two-year payment history without delinquency.
•
Pay the proper administration fee (fee is required with the submission of this form).
Project’s Requested
Financing Amount
Maximum Length
Payment
Term
(Months)
Administration Fee Interest Rate
$5,000 or less
12
$300
0%
$5,001 to $25,000
24
$500
0%
Post project completion
• Make monthly payments by the invoice due date. If the account receives two delinquent notices within a twelve
month period or defaults on a payment, your business will be removed from the program immediately and full
payment on the financed amount will be due.
•
If the business closes or files bankruptcy, the balance of the financed amount is due immediately.
Upon completion of the approved project, OPU agrees to:
•
Pay the project’s actual rebate(s) directly to you, the customer.
•
Pay the ESP for the approved financed amount. A copy of your project invoice(s) must be attached along with
the completed rebate application(s).
•
Hold the requested financing funds for a MAXIMUM of 90 days (the project is expected to be completed within
90 days of approval by OPU).
I have carefully reviewed, understand, and accept the above customer billing payment options and have submitted the
following: 1) administrative fee, 2) completed rebate application(s), and 3) detailed project invoice(s). If approved, I
authorize OPU to invoice my account, monthly, for the “Actual” financed amount listed above.
Customer Signature:______________________________________________________________________________________ Date:_______________________
OPU Approval Signature:________________________________________________________________________________ Date:______________________
Owatonna Public Utilities, 208 S Walnut Ave, PO Box 800, Owatonna, Minnesota 55060
Telephone 507.451.2480 Fax 507.451.4940 www.owatonnautilities.com
5/2014
