Ameresco, Inc. Annual report pursuant to Section 13 and 15(d)

Other Expenses, Net

12 Months Ended

Dec. 31, 2013

OTHER EXPENSES, NET

The components of other expenses, net, are as follows:



	Year Ended December 31,
	2013			2012		2011
Unrealized (gain) loss from derivatives	$	(1,459,058	)	$	98,027	$	1,313,587
Interest expense, net of interest income	4,600,012			3,495,784		4,130,350
Amortization of deferred financing fees, net	731,689			456,305		1,061,782
Other expenses, net	$	3,872,643		$	4,050,116	$	6,505,719

Estimated amortization expense for existing deferred financing fees for the next five succeeding fiscal years is as follows: