Energy Savings Performance Contracting
Are you facing outdated equipment, increasing maintenance and energy costs, and limited budgets? Energy Savings Performance Contracting (ESPC) is a tool for paying for upgrades through the savings stream over time.
Energy Savings Performance Contracting (ESPC) is a legislated financing tool that allows public entities to use guaranteed energy and operational savings as revenue. The ESPC approach allows schools, universities, and state/local governments to fund comprehensive facility improvements on a revenue-neutral basis, simply by re-directing existing and operational waste in their budgets. With an annual growth of over 13%, the ESPC concept has emerged as a preferred alternative to design-bid-build procurement, with over $7 billion invested by public entities in the U.S. each year.
BENEFITS OF ESPC
No Risk: Contractual savings guarantee eliminates risk of revenue shortfall for public entity
Leverage: Combing qualifying improvements such as lighting, water, HVAC, and building envelope improvements allows for comprehensive improvements
Revenue-Neutral: Using ESPC requires no tax increase or request for additional appropriations
Stewardship: ESPC projects typically save millions of taxpayer dollars over their lifetime
Comfort and Aesthetics: High-efficiency equipment lasts longer, looks better, and provides more comfort to building occupants
North Arkansas College
North Arkansas College and Entegrity agreed to a $1.7 million energy performance contract through thMore
Hendrix College contracted with Entegrity to convert approximately 15,000 light fixtures to LED techMore
Arkansas Department of Correction
In April of 2016, ADC elected to participate in the Arkansas Energy Performance Contracting (AEPC) pMore
College Church of the Nazarene
College Church of the Nazarene occupies a 217,000 square-foot complex in Olathe, KS. The church is hMore