The PEA is a 10-year shared savings option that includes equipment, installation, warranty, and maintenance, all at no cost to you. It’s a solution you can trust: Through the financial stability provided by our parent company ENGIE, Green Charge owns, operates, and finances the project for you. We also make it easy for you to take advantage of government incentives (such as California’s Self-Generation Incentive Program, SGIP) increasing your potential for energy storage savings.
“Other vendors wanted to split the installation costs with us, Green Charge made this energy storage decision easy.”
Kevin Cunanan, Director of Operations, Shore Hotel
“They install it, they pay for it, and over 10 years we split the savings. How could you possibly say no to that?”
Rex Parris, Mayor, City of Lancaster
Frequently Asked Questions
Can I own or lease the system and get all the savings?
Yes, after a site analysis, we take our customers through several financing options that can include an equipment purchase or lease. However, today the majority of our customers opt for a Power Efficiency Agreement.
What if the system malfunctions and I see no savings for a month?
Not much, 50% of 0 is 0 so you would pay nothing, but we’ll see to it that everything is up and running as soon as possible - we have every incentive to make sure our systems perform.
What is a typical percentage share for a customer under a PEA?
Customer share percentages vary from site to site depending on a number of variables including installation costs, system size, rate tariff and any additional programs or government incentives a particular installation may qualify for. Adjusting percentages on a case by case basis lets us offer a low risk solution to a wider range of customers.
How can I be sure of the performance calculations?
Every system we install is equipped with its own meter. Readings from this meter are checked against the facility’s meter. With the data from these two meters we can accurately prove and attribute performance to our systems. Calculations are provided on every invoice and proof of savings can be accessed any time via our GridSynergy dashboard.
What happens after the 10-year term?
Included in every PEA are multiple options for what happens to the system after completion of the agreement. Customers can choose to purchase the system at fair market value, have it removed (at Green Charge’s cost) or renew their PEA (at which point Green Charge would refurbish or replace the system).