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Report: Majority of Energy Service Companies Use Tax Benefits

Tuesday, October 4, 2016 - 2:30PM

The Lawrence Berkeley National Laboratory today released a report called, “U.S. Energy Service Company (ESCO) Industry: Recent Market Trends.” The report found that across all market sectors from 2012 through 2014, more than 50 percent of U.S. energy service companies (ESCOs) that serve each market reported using tax benefits, such as the renewable energy investment tax credit (ITC) or production tax credit (PTC). Among many other things, the report also discusses project financing approaches by market segment. 

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