The Chicago Federal Center, one of several sites where energy saving contracts are showing success. (GSA)
The General Services Administration has awarded $191 million worth of energy savings performance contracts (ESPCs) since Dec. 2011 $16 million above its goal, according to an announcement.
Under an ESPC, a vendor pays the upfront costs of energy-saving retrofits in exchange for payments from energy cost savings over time.
In 2011 President Obama directed agencies to enter into at least $2 billion in ESPCs by the end of 2013.
GSA was able to finance projects at 100 buildings that will cut energy use by 38 percent and will achieve about $10.6 million in annual savings from energy and water reductions, according to the agency.
Kevin Kampschroer, the director of GSAS Office of Federal High-Performance Green Buildings, said in a blog post Feb. 11 that GSA will continue to award ESPCs and will push to achieve even greater energy savings by 2016.
Some examples of GSA ESPCs include:
■Lighting and heating and cooling improvements to the Chicago Federal Center and lighting control and air handling upgrades at the Everett M. Dirksen Courthouse in Chicago. The $53 million project will save about $2.5 million annually when it is completed in 2016, according to GSA.
■A solar array at the Almeric Christian Federal Buidling in St. Croix, Virgin Islands, which will save $509,000 annually.
■Heating and cooling plant upgrades at the Hart-Doyle Federal Center in Battle Creek, Mich., which will help save $700,000 a year when the project is completed in late 2014.