Energy Savings Performance Contracting
Main_Content
Energy savings performance contracting (ESPCs) is a contracting and financing method
that provides upfront financing for energy efficiency projects that is then repaid over
time by the cost savings resulting from the upgrades. This budget-neutral approach
saves taxpayers money by cutting energy and water waste and saving those operating
funds for other priorities. ESPCs are most commonly leveraged by governments (federal, state, and local), universities and colleges, schools, and hospitals.
Resources:
- ESPC Campaign: The Department of Energy’s (DOE) ESPC Campaign provides technical assistance for building owners interested in pursuing ESPCs.
- eProjectBuilder: eProject Builder is a secure, web-based data management platform that allows customers and energy service providers (ESCOs/utilities/contractors) to preserve, track and report information for their portfolio of energy projects in perpetuity.
- ESPC Financing Decision Tree: This flowchart walks users through questions corresponding to the considerations that go into deciding on the financing options available for state and city government ESPC projects.
- Benefits of Using an Owner’s Representative:
- ESPC Template Documents: DOE has created several template documents - including a financing solicitation, energy services company solicitation, and project proposal - that can be used when developing an ESPC project.
