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 | Jul 19, 2021
Lack of information on carbon emissions challenges construction industry
Reports recommends whole-life carbon assessments on building projects.
Codes and Standards | Jul 19, 2021
Florida condo collapse spurs increased scrutiny on inspections, regulations
Insurers demand proof of current inspections.
Codes and Standards | Jul 15, 2021
Three drywall code-referenced publications have been updated
Include guidance on fire resistance, sound control, application, and finishing.
Codes and Standards | Jul 14, 2021
Biden’s infrastructure proposal includes massive investment in school buildings
‘Once in a lifetime opportunity’ to upgrade HVAC and other key systems.
Codes and Standards | Jul 13, 2021
Reluctance to fund maintenance on older condos is a serious problem
Owner associations defer needed work, putting properties at risk.
Codes and Standards | Jul 12, 2021
Regulations on hydrofluorocarbons reduce roof insulation options
Canada, some U.S. states ban HFC blowing agents used in closed-cell foam.
Codes and Standards | Jul 8, 2021
New York City shuts down 322 construction sites for unsafe conditions
Action comes as inspectors visit more than 2,100 sites.
Codes and Standards | Jul 7, 2021
Bechtel, Nautilus partner on sustainable, high-performance data centers
Facilities would use 70% less power for cooling, eliminate consumption of drinking water.
Codes and Standards | Jul 7, 2021
Surfside condo collapse could spur new legislation
Natl. Institute of Standards and Technology is investigating.
Codes and Standards | Jul 7, 2021
Intl. Code Council appoints committees to lead energy code development
One-third of appointees are government regulators.
