Energy Performance Contract Template

The other is the contract for building energy audit and project proposal.

Energy performance contract template.

A bundle of energy services are included in a performance contract which is why. 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. 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. Performance based contracting has a strong presence in the united states asia and europe.

This is a sample template for an energy performance contract epc. Learn more about how these documents were developed. An espc or energy savings performance contract is aimed at eliminating the fiscal constraints that can stop a project before it is even conceptualized. Sample draft energy performance contract.

Energy performance contracting epc is an innovative financing technique that uses cost savings from reduced energy consumption to repay the cost of installing energy conservation measures. 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. An espc is a partnership between an agency and an energy service company esco. 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.

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. This template does not and is not intended to provide legal advice. Below are model contract templates and companion documents to help launch energy efficiency projects through energy savings performance contracting espc. 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.

Espcs allow federal agencies to accomplish energy savings projects without up front capital costs and without. The epc is one of two typical contracts that the ppesco enters into with the client. Performance contracts are budget neutral. A performance contract can be defined as a tool that allows public entities to partner with other entities to innovate new energy projects.