ICP

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