Federal Government Issues Challenge: Fix Our Buildings!

After a thorough energy audit of a building, the energy services company (ESCO) arranges project funding; an ESPC is a guarantee that proposed improvements will result in sufficient cost savings to pay for the project over a contract period of up to 25 years, during which time the first costs of the retrofit are typically paid back to the ESCO through savings on utility bills (see “Obama Announces $4 Billion Retrofit Investment,” EBN Jan. 2012).