Energy Performance Contract Template

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.

Energy performance contract template.

Sample draft energy performance contract. 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. A bundle of energy services are included in a performance contract which is why. This template does not and is not intended to provide legal advice.

5 energy performance contract epc if the project outlined in the dfs is approved and funding for the project is confirmed the energy performance contracting. This is a sample template for an energy performance contract epc. 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.

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. Performance contracts are budget neutral. Espcs allow federal agencies to accomplish energy savings projects without up front capital costs and without. 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.

Performance based contracting has a strong presence in the united states asia and europe. Learn more about how these documents were developed. Normally offered by energy service companies escos this innovative financing technique allows building users to achieve energy savings without up front. The epc is one of two typical contracts that the ppesco enters into with the client.

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. A performance contract can be defined as a tool that allows public entities to partner with other entities to innovate new energy projects. 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.