Term Term Definition Options Unit of Measure
Calibrated The data has been calibrated to improve accuracy View None
Capitalization Rate

The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.

View percent
Energy services agreement An Energy Services Agreement (ESA) is a financial vehicle for funding energy efficiency where services are provided and/or equipment is installed and owned and operated by a vendor who then sells the saved power to the customer. View None
Lease Financed through lease arrangement View None
Modified internal rate of return The modified internal rate of return (MIRR) formula adds up the negative cash flows after discounting them to time zero using the external cost of capital, adds up the positive cash flows including the proceeds of reinvestment at the external reinvestment rate to the final period, and then works out what rate of return would cause the magnitude of the discounted negative cash flows at time zero to be equivalent to the future value of the positive cash flows at the final time period. View None
PACE Property assessed clean energy (PACE) is a means of financing energy efficiency upgrades or renewable energy installations. In areas with PACE legislation in place, governments offer a specific bond to investors or in the case of the open-market model, private lenders provide financing to the building owners to put towards an energy retrofit. The loans are repaid over the selected term via an annual assessment on their property tax bill View None
Savings to investment ratio SIR is a dimensionless measure of performance that expresses the ratio of savings to costs where the numerator of the ratio contains the operation-related savings and the denominator contains the increase in investment-related costs View None
Self financed Financed using internal funds View None
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