Energy performance contracting is an innovative funding model that is typically applied to retrofitting an existing building. An energy performance contract makes energy efficiency improvements achievable even if you don't have access to sufficient capital. In such a situation, an energy services company agrees to provide you with a set of energy efficient products, technologies and equipment, and usually arranges the financing to pay for the upgrades so that you have to put up little or no capital. Instead, the energy services company takes on the upfront cost and associated risk, and the money you save on your energy bills as a result is used to pay the company back until the cost is covered. Many energy performance contracts even include performance guarantees, meaning that payment is contingent upon demonstrated energy savings.
For more information, please see our Energy performance contracting section.
Managing the energy use in your existing building is an achievable goal, and we are here to help. If you follow our step-by-step plan, commit to monitoring and benchmarking your energy use, and invest in energy management training, you'll be well on your way to energy savings.
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