IoEnergy Helps Weaver Lumber Access On-Bill Financing to Pay for $$$-Saving Lighting Upgrade with Zero Out-of-Pocket
Construction Materials Supplier
In 2020, IoEnergy approached American Construction Source, the parent company to Weaver Lumber, regarding the efficiency lighting upgrade opportunities at their lumber businesses located within California’s PG&E territory. Eligible for the PG&E Trade Pro Program, the LED lighting retrofits at those locations could be completed with no out-of-pocket expense through zero-interest on-bill financing. The loan is paid for by energy cost savings, and the project is cash flow positive from day one.
After signing off on the pilot project in Anderson, California, IoEnergy handled everything required for set-up including the financing application, appeals, pandemic related burn hour calculations, and new equipment strategy based on PG&E’s Qualified Projects List. Working through the PG&E Energy Insight portal for on-bill financing project management, IoEnergy acted as the single point of contact throughout the entire process, providing turn-key assistance with no administrative time or document preparation required whatsoever by ACS or Weaver Lumber. The project will significantly reduce Weaver Lumber’s energy usage, delivering more than $1.1 million in cost savings over the project’s lifespan.