Facilities make no up front investments and instead finance projects through guaranteed annual energy savings.
Energy performance contracting companies.
The business model does support the goals of the swiss federal energy strategy 2050 by promoting energy efficiency.
The doe qualified list of escos is required by the energy policy act of 1992 as implemented by 10 cfr 436 32.
Energy savings performance contracting espc is a budget neutral approach to make building improvements that reduce energy and water use and increase operational efficiency.
An espc is a partnership between an agency and an energy service company esco.
By partnering with an energy service company esco a facility owner can use an espc to pay for today s facility upgrades with tomorrow s energy savings without tapping.
It is the initial component of the federal government s multi tiered esco evaluation for energy savings performance contracting espc procurements.
Energy savings performance contracts espcs allow federal agencies to procure energy savings and facility improvements with no up front capital costs or special appropriations from congress.
Energy performance contracting in switzerland in switzerland the swissesco 7 business association is promoting and developing epc.
When an esco implements a project the company s compensation is directly linked to the actual energy cost savings.