Last update: 04/15/2008
What is ESPC
Energy Saving Performance Contracting is:
- The most cost-effective process for completing building energy upgrades
- A means to use utility savings to pay all project costs
- A partnership of the owner, the ESCO (energy service company) and the GA Energy Team
How Energy Saving Performance Contracting works:
- You select of GA’s pre-qualified ESCO’s to complete an energy audit of your facility
- The ESCO designs, installs, commissions, and finances the projects you select
- The ESCO guarantees both the maximum project cost and the projected energy savings
- GA energy engineers provide long-term monitoring of project savings
Typical projects include:
- Energy management systems
- Interior and exterior lighting
- Boiler replacement and repair of steam distribution systems
- High-efficiency HVAC systems
- LED traffic systems, wastewater treatment plant pumps and motors, and swimming pool systems
Guarantees
- Guaranteed Project Cost
- Guaranteed Savings
- Guaranteed Equipment Performance
Advantages of ESPC
- Single point of accountability – the ESCO
- No requirement to use the lowest bid
- Owner participates in equipment and subcontractor selection
- Low interest financing available through the Washington State Treasurer
- Verification of annual energy savings through a monitoring program
For more information on the comparison of conventional spec and bid procurement with energy performance contracting, review these MS Word documents:
Want more information on ESPC?
More information is available at the following sites:
