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 | Oct 30, 2017
AIA revises architect scope documents in latest contract form release
Design-bid-build forms last updated in 2007.
Codes and Standards | Oct 26, 2017
Boston’s Old South Church asks tower developer for $19 million for casting shade
Request highlights ongoing conflict between developers and residents over right to sunshine.
Codes and Standards | Oct 24, 2017
Asphalt roofing design guide now available in digital form
Recently updated Modified Bitumen Design Guide can be viewed on smartphones and tablets.
Codes and Standards | Oct 23, 2017
Energy efficiency investments on the rise; will increase next year
Survey of facility management executives shows onsite renewables, energy storage will spike in 2018.
Codes and Standards | Oct 20, 2017
AIA contract document updates include new BIM, digital data provisions
Documents are structurally different from 2007, 2008 versions.
Codes and Standards | Oct 19, 2017
IAPMO seeks proposals for 2021 Uniform Plumbing Code, Uniform Mechanical Code
The deadline is March 16, 2018.
Codes and Standards | Oct 18, 2017
States impacted by hurricanes are improving their energy efficiency policies
Florida, Texas, rise in ACEEE state energy efficiency scorecard.
Codes and Standards | Oct 17, 2017
Updated versions of EnergyPlus and OpenStudio building energy modeling tools released
Open-source apps include enhancements for urban-scale modeling.
Codes and Standards | Oct 16, 2017
New, comprehensive insurance exhibit released in AIA 2017 contract document updates
Will allow AIA to make updates more frequently as insurance market changes.
Codes and Standards | Oct 12, 2017
New AIA contract document designates responsibilities for sustainable projects
Roles of architects, contractors outlined in E204–2017.
