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For the business press

Performance Contracts Can Save Big

Source:buildings.com, Thursday, September 22, 2011

Could you benefit from financing that guarantees energy savings? A performance contract helps building owners to pursue efficiency improvements within their existing budgets and without upfront capital costs.

To provide a net savings to an owner’s budget, projects are designed so that the yearly energy and operational savings are greater than or equal to the payments over the term of the contract.

Texas A&M University has seen steady improvements in energy consumption by using performance contracts. In the past decade, the university has reduced campus energy usage by 35% while increasing gross square footage by 18%. Water consumption has also fallen by 33% since 2000.