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
| Sep 18, 2013
DBIA’s ‘Design-Build Done Right’ best practices project seeks industry input
The Design-Build Institute of America (DBIA) is seeking industry input on its project to create a design-build best practices document.
| Sep 11, 2013
USGBC Florida Chapter survey to help contractors adopt sustainable practices
Contractors in Florida could benefit from a data collection project by the state's chapter of the U.S. Green Building Council.
| Sep 11, 2013
Disability, vet hiring standards for contractors are goals, not quotas
Contractors that fall short of new federal hiring rules concerning veterans and disabled persons will not necessarily incur penalties, says Patricia Shiu, director of the Office of Federal Contract Compliance Programs.
| Sep 11, 2013
Sports stadium accidents suggest code updates may be necessary to prevent falls
Since 2000, at least three individuals have died as a result of falling from the upper decks of stadiums in the United States. In addition, eight non-fatal falls have occurred in stadiums and arenas over that time.
| Sep 11, 2013
White paper examines Joint Commission requirements for NFPA codes in healthcare
The healthcare industry has experienced great attention from The Joint Commission concerning fire and life safety issues.
| Sep 11, 2013
San Francisco expected to drop firefighter air tank refilling station rule for skyscrapers
San Francisco is poised to drop a requirement that skyscrapers have refill stations so firefighters can recharge their air tanks during a blaze. The city has required that new high-rises have the air refill systems for about ten years.
| Sep 5, 2013
State legislatures continue to raise the bar on green school construction
Since the beginning of 2013, the USGBC has followed more than 125 bills across 34 states that seek to advance healthy, high-performing schools.
| Sep 5, 2013
Construction industry groups create coalition to respond to new OSHA silica rule
A group of 11 construction trade associations has created the Construction Industry Safety Coalition in response to the Occupational Safety and Health Administration’s (OSHA) proposed rule on silica for the construction industry.
| Sep 5, 2013
Red tape delays California county jail construction projects
California authorized $1.2 billion for jail construction in 2007, but not a single county in the state has completed a jail project since then.
| Sep 5, 2013
New CM-at-risk and design-build options create controversy in Ohio
Some contractors say Ohio's new system puts small and midsize construction companies at a disadvantage.