Energy Performance Contracting
What is Energy Performance Contracting?
Energy performance contracting is an agreement between a building owner (or facilities manager) and a private energy services company (ESCO) that future operational cost savings (such as for annual: electricity, water, sewer or solid waste charges, as well as equipment maintenance service contracts) can be used to pay for the entire cost of a building’s energy and water efficiency retrofits (also known as energy conservation measures, or ECMs). A building owner contracts with an ESCO to assist in getting 3rd party financing for mutually agreed upon ECMs and (after the third-party financing is secured by the building owner) the ESCO implements the mutually agreed upon ECMs under “design-build” work (which includes design, purchase, installation and construction of the ECMs).
Fact Sheet: Guaranteed Energy Performance Contracting
Resources
Hawaii Energy Performance Contracting (EPC) Statute
Guide to Energy Performance Contracting (2016)
Pre-Qualified Energy Service Companies (ESCO)
Pros and Cons of Shared Savings vs. Guaranteed Savings
Recorded Webinars
Department of Transportation-Airports Division, Measurement and Verification, Part 1
Department of Transportation-Airports Division, Measurement and Verification, Part 2
Board of Water Supply Energy Performance Contracting Measurement & Verification, Part 1
Board of Water Supply Energy Performance Contracting Measurement & Verification, Part 2
For information and data on renewable energy and energy efficiency in Hawaii, download the 2018 Hawaii Energy Facts & Figures.