WHAT IS EPC?
You enter into an agreement with a private energy service company (ESCO). The ESCO will identify and evaluate energy-saving opportunities and then recommend a package of improvements to be paid for through savings. The ESCO will guarantee that savings meet or exceed annual payments to cover all project costs usually over a contract term of seven to 10 years. If savings don’t materialize, the ESCO pays the difference, not you. To ensure savings, the ESCO offers staff training and long-term maintenance services. Many types of building improvements can be funded through your existing budgets: new lighting technologies, boilers and chillers, energy management controls and swimming pool covers, to name a few.