Solutions > Financial Options > ESPC – Energy Performance Contracting
ESPC and Energy Performance Contracting
Energy performance contracting through an ESPC, or Energy Savings Performance Contract, aims to eliminate the fiscal constraints that can stop a project before it is even conceptualized. With an Ameresco ESPC, customers can renew facilities and reduce energy costs by financing through future energy savings. Energy performance contracting gets around the need for capital expenditures and the political complications that arise during the budgeting process.
Through Energy Performance Contracting, Ameresco pays all costs involved in identifying and installing new or upgraded energy-efficient equipment. The energy upgrades are paid for by a portion of the cost savings resulting from these improvements over a set term. At the end of the ESPC, the customer owns all of the improvements and receives all of the continuing savings..
Whether it is a performance contract for federal or local government, education, healthcare, manufacturing, public housing or retail, Ameresco can meet any customer’s unique needs.