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 4, 2018
Action on building codes would spur low-carbon cities
Faster retrofit cycles, increased energy-efficiency requirements for existing buildings needed.
Codes and Standards | Nov 30, 2018
Best solution to prevent California wildfire disasters: Stop building in places likely to burn
Approach would be unpopular as people attracted to stunning wooded landscapes.
Codes and Standards | Nov 29, 2018
USGBC and BRE form partnership
Two green standards groups will collaborate on standards, platforms, and research.
Codes and Standards | Nov 29, 2018
Parking garages in N.Y. State will have to be inspected every three years
Professional engineer must assess conditions.
Codes and Standards | Nov 28, 2018
To build water-efficient cities, water managers and urban planners must coordinate better
Lack of time and resources, and practitioners not in habit of working together hamper efforts.
Codes and Standards | Nov 27, 2018
AAMA updates specification for roller assemblies in sliding doors, and lift and slide doors
Last update was in 2015.
Codes and Standards | Nov 26, 2018
All LEED-certified buildings eligible for LEED recertification
Projects must submit 12 months of data demonstrating continued or improved performance.
Codes and Standards | Nov 20, 2018
OSHA publishes updates to crane operator certification requirements
Long-delayed rules accept certifications by type or type and capacity.
Codes and Standards | Nov 19, 2018
Guide offers understanding of elements that create successful multi-floor communal spaces
CTBUH technical document analyzes how to approach tall urban habitat.
Codes and Standards | Nov 16, 2018
2018 International Green Construction Code released
Updated version helps governments streamline code development and adoption.
