National Grid Small Business Program THE CHALLENGE Since National Grid operates primarily as an electrical and gas provider, the company required a partner to help implement its Small Business Energy Efficiency Program and assist in completing the direct installations. After a competitive bidding process, SmartWatt won the contract in 2009 for National Grid’s Central territory, setting the stage for years of successful collaborations. ¦ Funding: A lack of capital hindered many small businesses from completing energy optimization initiatives. Under National Grid’s lucrative Small Business Program, the utility pays up to 60% of the project cost, with on-bill financing for the remaining share at 0% interest up to 12 months. Customers that pay their share in a single lump sum are provided

Join for free to read