The emerging EaaS business model is a game-changer in energy saving technology and improved energy efficiency. Companies are switching from conventional capital purchases of energy tech to the EaaS model.
Many people prefer the EaaS model because there is no need to worry about keeping their energy purchases within stringent budgetary guidelines and can take the advantages of increased energy competence and improved facilities without any sort of stress.
The EaaS option allows for updating a facility, save money, improve safety of workers, and meet your sustainability goals without the financial headaches.
How do you know if Energy as a Service is for you?
If it is difficult for you to get funds for capital projects’ ROI, IRR, and payback periods are not as per your needs, or there is a lot of potential in energy projects, but you are not getting a yes. If there is a positive nod from your side for any of the questions, then EaaS is an ideal option for you.
Browse detailed – Energy as a Service Market Revenue Estimation and Growth Forecast Report
Since there is no transfer of ownership until the end of the contract, this lets for a more flexible, no-hassle solution that can be taken on a monthly basis rather than the depreciation over a period of time. This means, no debt on the books, and you’ll also you will get some tax rebates on the expenses
The energy savings generated from the efficient energy system will be better than the payment, so this is a double-dip. There is no need for any new capital for covering the payments and it can be paid on a monthly basis.
Coming to a Conclusion
There is an increase in the consumption of power all over the globe, and this has a positive impact on the demand for EaaS. The total demand will reach a value of USD 149.45 billion by 2030.