Energy savings performance contracts are becoming increasingly popular, but they might not be well-understood.
Under an ESPC, a vendor pays the upfront costs of energy-saving or water-saving retrofits in exchange for payments from energy cost savings over time. If the building doesn't save energy, the contractor doesn't get paid, which gives all parties the motivation to make sure the technologies pay off.
The issue takes on increased importance because President Obama has a set a goal for agencies to acquire $4 billion in energy-saving upgrades to federal buildings by 2016. Timothy Unruh, director of the Energy Department's Federal Energy Management Program, believes "we can easily achieve" that goal, he said in an earlier interview.
To help agency managers sort out their questions about this contract type, Unruh will join Federal Times Editor Steve Watkins for a webcast on Feb. 10. Unruh will explain the ESPC program, offer advice for developing strategies and answer your questions.
For more information and to register, click here.