Burn Less Fuel And Natural Gas With Barrett Capital
SAVES DOLLARS NOW; NO UP FRONT COST FINANCING PLAN
NEW YORK, Feb. 19, 2015 /PRNewswire/ -- Barrett Capital Corporation and G.O. Saver LLC announced today a shared savings plan in which Barrett Capital provides the upfront capital needed to purchase and install GOsaver conservation devices which reduce fuel or natural gas consumption and provide guaranteed savings. Because the program is based on the money this energy efficiency improvement saves, the upgrade is entirely cash flow positive for the property owner from day one.
Because the fuel burns cleaner and greatly reduces asthma-causing particulate matter in the air, "this is a stunningly effective opportunity to contribute towards improved respiratory health, cleaner air, and to reaching New York City's goal of dramatically reducing Greenhouse Gas emissions," says Barry Korn, Founder of Barrett Capital. Property Owners and Managers will enjoy additional savings, as there will be fewer maintenance calls and heating interruptions with which to contend. Adds Korn: "Of all the compelling programs for which Barrett Capital has provided financing, from LED lighting to natural gas conversions, GOsaver conservation devices represent the fastest most cost effective way a property owner can improve cash flow." A side benefit of Barrett Capital's shared savings plans is, unlike traditional financing, Barrett funding is considered "off balance sheet" financing.
Energy and Sustainability Managers have praised the significant environmental and financial benefits of the GOsaver technology, which is currently installed in hundreds of commercial and public buildings in the City. And, it is highly recommended by a number of combustion engineering firms in NYC, including Walter T. Gorman PE, PC.
The GOsaver conservation device is installed in the fuel line between the fuel filter and the boiler. The catalyst reformulates the fuel oil or natural gas as it passes through the device producing more heat per gallon of fuel oil or therm of natural gas. This means less fuel or gas is needed to generate the same amount of heat. The process is benign and nothing is added to the fuel or gas. Without itself undergoing any chemical change, the catalyst reformulates the fuel and gas resulting in a more complete combustion. Jeffrey Gural, the Chairman of Newmark Grubb Knight Frank praises GOSaver technology's effectiveness, having installed it in all of his buildings and recommends it to all of his Property Managers.
About Barrett Capital
Barrett Capital Corporation is a specialty finance company based in New York City focusing on funding energy efficiency projects. In addition to the GOsaver conservation device, Barrett Capital provides financing for boiler conversions in connection with the city's Clean Heat Initiative and is a Participating Lender with NYSERDA in connection with the Green Jobs Green NY (GJGNY) Financing Program. For additional background information, please contact Barry Korn at [email protected] or 917-434-3000 or visit http://www.barrettcapital.com.
SOURCE Barrett Capital
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