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Are you facing outdated equipment, increasing maintenance and energy costs, and limited budgets?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
Christ United Methodist Church
In early 2013, Entegrity was hired to offer turnkey energy services for Christ United Methodist ChurMore
Cedar Ridge School District
In 1982, Cedar Ridge School District received good news when the state’s largest electric utility,More