In recent years, innovations in energy efficiency technology has opened many new avenues to reduce electric consumption in buildings.
But it is hard for building owners to keep up with these developments, analyze which options are most cost effective, and decide how best to invest their money. An increasingly popular method to implement energy efficiency technology is called “energy efficiency as a service.”
A typical arrangement consists of a building owner and a provider striking an agreement that pays for energy efficiency projects. The building owner does not pay anything upfront. The owner makes payments in installments within a certain timeframe. Payments are in the form of savings in energy costs realized from the improvements.
Bentley Mills, a manufacturer of commercial carpet products, employed this technique to fund a $1.5 million energy efficiency project. The contract stated that over the course of the 8-year term, Bentley would save over 12.8 million kWh. One year after the project was completed, the plant measured a 21% decrease in the kWh per square yard manufactured while increasing sales growth by 9% during the same time.
Related Stories
Codes and Standards | Dec 12, 2016
Dept. of Energy launches program to advance zero energy school design
Six school districts and two states are among the first to mainstream zero energy schools.
Codes and Standards | Dec 9, 2016
California city’s plan for net zero building includes net zero water usage
Santa Monica city services building aims for highest level of sustainability.
Codes and Standards | Dec 8, 2016
WELL and BREEAM to align standards
The goal is to make it easier for projects pursuing both standards.
Codes and Standards | Dec 7, 2016
U.S. lumber industry pushes for import duties on Canadian softwood
The industry claims the product is being sold below fair market value.
Codes and Standards | Dec 5, 2016
International Construction Measurement Standards draft released
The goal is to improve consistency for calculating costs and reducing risk.
Codes and Standards | Dec 2, 2016
D.C. Council passes bill to reduce number of blighted properties
The new legislation reduces the amount of time a vacant property can qualify for a lower tax rate.
Codes and Standards | Dec 1, 2016
Passive House standard gaining influence in commercial sector
Some industry watchers predict it will become the base building code.
Codes and Standards | Nov 30, 2016
Researchers finding solutions to bird/building collisions
Glass facades pose a serious risk to birds and cause millions of avian deaths each year.
Codes and Standards | Nov 29, 2016
New OSHA rules to reduce fall and trip hazards
Employers can choose from a variety of fall protection systems.
Codes and Standards | Nov 29, 2016
Seattle imposes new construction regulation to address rat problem
The city ranks first in U.S. in rat population.
