Energy Performance Contracting
Energy Performance Contracting is a smart, affordable and increasingly common way to make building improvements that save energy and money. Any large building or group of buildings is an ideal candidate for performance contracting, including council, state and federal sites, schools, hospitals, commercial office buildings and light industrial facilities.
Do you face these problems at your facility?
You have old, obsolete or inefficient energy systems and equipment in your buildings.
You need to make energy system improvements, but there are too many other demands on your time and budget.
You have recurring equipment problems that take up valuable staff time.
If so, here's the good news...
You can make the energy upgrades you need now -- perhaps with no up-front capital -- and pay for them later through the energy savings that result. Best of all, those savings can be guaranteed. How? Through energy performance contracting.
Here's how it works...
Your energy bills may be higher than they need to be due to obsolete or aging equipment or poor control. By contracting with an energy service company (ESCO) you can put those wasted energy dollars to better use. Your ESCO will recommend cost-effective improvements, work with you to implement the recommendations you choose, and guarantee that the resulting savings will cover all project costs (usually within 3 to 7 years).
A qualified ESCO can help you put the pieces together:
- Identify and evaluate energy-saving opportunities;
- Develop engineering designs and specifications;
- Manage the project from design to installation to monitoring;
- Arrange for financing if required;
- Train your staff and provide ongoing maintenance services; and
- Guarantee that savings will cover all project costs.
There are five steps to setting up an Energy Performance Contract:
- Decide whether to use an Energy Performance Contract
- Select an Energy Service Company
- Define the scope of the project
- Negotiate an Energy Performance Contract
- Modify the Standard Energy Performance Contract
For more information see the Best Practice Guide to Energy Performance Contracting