NECAWORKS™ -- Helping You Close the Deal on Energy Projects
The NECAWORKS™ online screening application provides you with the fundamental tools and information links to “screen” an energy solutions project. NECAWORKS™ has been designed by NECA contractors exclusively for use by NECA contractors to help close the deal on energy solutions projects.
NECAWORKS™ screens all types of energy solutions projects – solar PV and energy storage solutions to energy efficiency and distributed generation – and allows you to analyze combined solutions as well.
Using readily-available data supplied by you and your client, the NECAWORKS™ screening tool generates two easy-to-understand outputs that help you and your client determine the economic viability of an energy proposal:
- A benefit/cost ratio, or "B/C ratio", and
- A simple payback period
NECAWORKS™ is available as an annual subscription and can be purchased online via the NECA store or by contacting the NECA Order Desk. NECAWORKS™ is exclusively for NECA Member companies.
NECAWORKS™ annual subscription fee.......................................... $899.00Cost Projections Add Value To Energy Solutions Projects
Great value exists in working with existing and new clients to provide a variety of energy-related services, including energy audits, implementation of energy efficiency measures and installation of renewable energy solutions. These services ultimately involve a reduction in clients' energy costs with a more environmentally friendly solution. Therefore, a project pro forma, or financial projection, based upon the costs and energy usage over the life of the project must be generated. This pro forma is developed from an energy economic model and can be both extensive in scope and detail - and expensive for the contractor to provide as part of a proposal. Here’s where NECAWORKS™ adds real value at an affordable price.
Benefit/Cost Ratio & 'Simple' Payback
What is a Benefit/Cost Ratio? It is a calculation—based upon your input of the project's costs, energy and other applicable factors-that serves as an indicator of the project's worthiness of "next step" decision-making and should be used to rule out projects that have a low probability for success and highlight projects that may pass your client's return-on-investment objectives.
What is a "Simple" Payback Period? It is a period of time when net benefits equal capital outlays. Typically, a client is asked to invest up-front capital in exchange for a reduction in energy costs over time. The client expects to see a return-on-investment of the project, taking into consideration the value of money spent in the present and future.
NECA Connection
NECA contractors are your best source for expert electrical solutions. NECA Connection helps you find the right electrical contractor for your job, in your community or across the country.