Project Funding

Smart Solutions

HPS can provide a solution to overcome one of business’ greatest challenges - competing capital requirements and tight budgets to operate the business. HPS offers power factor correction project funding to credit-approved customers, which will eliminate monthly power factor costs. This reduction can be as high as 10-20% or more. Power factor correction equipment provides the customer a typical 15-20 year operating life, thus providing many years of power factor savings.

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How the Offering Works?

  1. HPS reviews the electric usage history, analyzes PF, identifies the utility PF tariff billing method, and calculates PF costs being incurred by the customer. We then deliver this free PF analysis to the customer.
  2. If the customer has an interest to eliminate the PF costs, HPS conducts a power factor engineering study. Study will include a written report and a project proposal includes technical details and economic indices. This will enable the customer to make an informed decision regarding project expenditures.
  3. If desired by the customer, HPS's proposal will include a financing option to fund the power factor project.
  • HPS' financing offering is designed to enable the customer to take action and get the power factor project approved.
  • The entire customer project capital payment is completed through the savings of power factor costs that currently are paid to the utility company. There are no large up-front capital investment from the customer or increased costs to the company’s operating budget, and there are actually operating costs reductions.
  • In the absence of a power factor project, power factor costs will continue to be paid by the customer to the utility company.
  • HPS' solution preserves company cash to run and grow the business. The customer does not have to use its own capital which could free up use of its funds for other capital improvements.
  • The customer does not have to defer a project (often 12 to 24 months) due to lack of funds available in their budget.