Energy Performance Contract Template

Performance based contracting has a strong presence in the united states asia and europe.

Energy performance contract template.

This template does not and is not intended to provide legal advice. A bundle of energy services are included in a performance contract which is why. Normally offered by energy service companies escos this innovative financing technique allows building users to achieve energy savings without up front. Performance contracts are budget neutral.

Energy savings performance contracts espcs also known as energy performance contracts are an alternative financing mechanism authorized by the united states congress designed to accelerate investment in cost effective energy conservation measures in existing federal buildings. An espc is a partnership between an agency and an energy service company esco. The epc includes details of the exact scope of works based on the detailed facility study the commissioning procedure maintenance schedules project costs and the performance. Espcs allow federal agencies to accomplish energy savings projects without up front capital costs and without.

With an ameresco espc customers can renew facilities and reduce energy costs without the need for capital expenditures and the political complications that arise during the budgeting process. Below are model contract templates and companion documents to help launch energy efficiency projects through energy savings performance contracting espc. Learn more about how these documents were developed. The epc is one of two typical contracts that the ppesco enters into with the client.

Sample draft energy performance contract. An espc or energy savings performance contract is aimed at eliminating the fiscal constraints that can stop a project before it is even conceptualized. The other is the contract for building energy audit and project proposal. Energy performance contracting epc is an innovative financing technique that uses cost savings from reduced energy consumption to repay the cost of installing energy conservation measures.

These projects could be for the modernization of infrastructures like budget reduction efficiency etc. A performance contract can be defined as a tool that allows public entities to partner with other entities to innovate new energy projects. In the us the esco industry has about 4 billion per year in revenue with the majority of work being conducted in public and institutional buildings. Performance contracting also known as energy savings performance contract espc or a guaranteed energy savings contract is a valuable tool for achieving infrastructure modernization budget reduction efficiency and sustainability goals without the need for upfront capital expenditure.