Details | Guaranteed Energy Savings Contract


Funder

 

Energy Service Company

Implementer

 

Energy Service Company

Description

 

A performance-based contract, in which an ESCO guarantees a specific reduction in energy use, which is not necessarily tied to cost savings as billing rates may change over a defined length of time. If the ESCO fails to produce such savings because of their own actions, they are responsible and must pay the client the shortfall amount using a pre-determined utility rate calculation. After the guaranteed savings period has ended, the owner retains the full value of the energy savings.

Funding guidance

 

Applications open

 

None

Applications close

 

None

Type

 

Performance Contract

Category

 

Service Provider

Territory

 

United States

Applicant type

 

For Profit  |  Private Resident  |  Public Agency

Project

 

Rehabilitation of Existing Whole Building  |  Rehabilitation of Part of an Existing Building

Sector

 

Commercial  |  Industrial  |  Public  |  Residential

Sub-sector

 

City  |  County  |  Multi Family  |  Special Districts

Sustainability

 

Energy Efficiency for Processes  |  Energy Efficiency in Buildings  |  Energy Management System  |  Energy Storage  |  Generation Systems

Additional website

 

Small business

 

False

Disadvantaged communities

 

False

Cost sharing amount

 

None

Cost sharing percent

 

None

Cost sharing note

 

Minimum repayment years

 

None

Maximum repayment years

 

None

Interest rate comment

 

Incentive