A quick explanation of M&V as it relates to Energy Savings Performance Contract projects, courtesy of the Department of Energy.
An energy savings performance contract is a complex document, so it’s natural to assume that every “I” is dotted and every ‘T” is crossed. But, there are a few areas that merit clarification as you embark on the ESPC process.
Beyond the due diligence of the RFP process, here are some best practices to mitigate risk and maximize success on your ESCO project, compliments of the Department of Energy.
Recent increases in electricity rates – though problematic for operating budgets – drive greater ROI on energy savings Performance Contract projects, potentially generating paybacks in as little as 5-7 years.
One way to address deferred maintenance and capital needs is through Energy Performance Contracting. In fact, the DOE recommends ESPC as the preferred approach to school facility modernization for five important reasons.
The summer months are a perfect time to start the GESA process, because initial facility assessments won't disrupt students.
GESA/Performance Contract legislation is more than a budget-neutral approach to energy-efficiency projects at your facility. It’s a highly-efficient tool to fund capital projects, like these 25 ideas for facility improvements.
CM3 Building Solutions was recently awarded a Vendor Contract for Energy Savings Performance Contracts by The Interlocal Purchasing System (TIPS).
The Guaranteed Energy Savings Act provides PA entities with energy savings through facility modernization projects, but it also provides additional benefits, such as equipment standardization, project efficiencies, and lower costs.
CM3 is now certified by the Department of Energy's (DOE) Federal Energy Management Program as a Qualified Energy Service Company (ESCO).
