The Virtual Assistant was developed to address frequently asked questions about Energy Performance Contracting (EPC) and to guide you through the 5-step process common to all EPC projects. The five steps have been vetted to help you successfully navigate turn-key projects at your facility. In addition to this Virtual Assistant guide, our staff offers free technical support including a pre-project on-site visit and unlimited telephone assistance on an as-needed basis.
EPC provides an alternative procurement method for design and construction services that reduce facility operating costs through energy conservation improvements. EPC is an attractive financing model that uses cost savings from the project to finance the construction work, sometimes with no upfront cost. Also, all EPC projects must be done using a qualified Energy Service Provider (ESP) whose qualifications have been vetted by the State; this helps ensure the ESP maintains a high standard of technical expertise and has sufficient financial resources to guarantee cost savings for project financing. For a listing of qualified ESP, click here.
EPC offers a smart way to make energy improvements to public facilities even when there is no budget to fund the work. The public entity contracts with an ESP to identify and install cost-effective improvements and to guarantee the energy cost savings. The ESP can also facilitate financing for the project, where the financing is repaid from the energy cost savings.
EPC offers many benefits:
- Potentially no upfront cost
- Guaranteed energy cost savings
- ESPs can offer information on project financing
- Single point of contact / accountability
- Curbs volatile energy prices and long-term rising costs
- Addresses deferred maintenance
- Improves productivity via better air quality, lighting, and temperature control