You enter into an agreement with a Performance Service Company (PSC). The PSC will identify and evaluate energy-saving opportunities and then recommend a package of improvements to be paid for through savings. The PSC will guarantee that savings meet or exceed annual payments to cover all project costs, usually over a contract term of seven to 10 years. If savings don't materialize, the PSC pays the difference, not you. To ensure savings, the PSC offers staff training and long-term maintenance services. Many types of building improvements can be funded through your existing budgets, such as, new lighting technologies, boilers and chillers, up to date HVAC systems, energy management controls, to name a few.
By updating or replacing equipment that is old and obsolete with newer, more efficient technologies, you will have higher-quality systems, fewer breakdowns and reduced maintenance. When building occupants experience improved lighting, better air quality and more comfortable room temperatures, they are likely to be happier and more productive.
Energy Performance contracting allows you to divert funds that would be spent on energy bills, into investments in your buildings. For governments, this means limited budgets can stretch further, putting taxpayers' money where it really counts. For all building owners, more modern, efficient energy systems can increase your property value and improve marketability of your buildings.
erformance contracting allows you to tackle energy efficiency projects now even if no funds are available. This means you can still afford improvements when faced with budget cuts or competing priorities. And, with energy performance contracting, you can take a comprehensive approach that will optimize your benefits.
New systems and equipment can lower your energy costs. Many building owners see energy savings of 15 to 35 percent and also reduce their long-term maintenance costs. You keep all the savings once the equipment is paid off, plus any excess savings during the contract term.
Since the late 1970s, performance contracting has become a widely accepted and reliable way to make energy improvements. Today's PSC's use industry-standard practices and proven energy-saving technologies and have excellent track records for satisfying their customers. PSC's have a financial incentive to make sure savings are achieved throughout the contract term.
Performance contracting offers a streamlined approach to making facility improvements because, with a single contractor, you can tackle multiple energy-efficient projects throughout your facility, rather then doing one project at a time. Your PSC can provide a full range of services and continue working with you once the projects are complete to ensure that you get optimal long-term energy performance and savings.
Service and Parts