flexiblefullpage
billboard
interstitial1
catfish1
Currently Reading

Energy efficiency as a service gaining ground as financing approach for adopting innovations

Codes and Standards

Energy efficiency as a service gaining ground as financing approach for adopting innovations

Building owners can invest in new technology with no upfront cost.


By Peter Fabris, Contributing Editor | December 17, 2020

Courtesy Pixabay

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

Legislation | Oct 10, 2022

Chicago’s updated building energy code provides incentives for smart HVAC, water appliances

The Chicago City Council recently passed the 2022 Chicago Energy Transformation Code that is intended to align with the city’s goal of reducing carbon emissions by 62% from 2017 levels by 2040.

Contractors | Oct 6, 2022

Modular construction gets boost from impacts of the pandemic

The impact of the Covid pandemic on the construction industry appears to be fueling demand for modular construction methods, especially in the western U.S. and Canada.

Fire and Life Safety | Oct 4, 2022

Fire safety considerations for cantilevered buildings

Bold cantilevered designs are prevalent today, as developers and architects strive to maximize space, views, and natural light in buildings. Cantilevered structures, however, present a host of challenges for building teams, according to José R. Rivera, PE, Associate Principal and Director of Plumbing and Fire Protection with Lilker.

Resiliency | Sep 30, 2022

Designing buildings for wildfire defensibility

Wold Architects and Engineers' Senior Planner Ryan Downs, AIA, talks about how to make structures and communities more fire-resistant.

| Sep 30, 2022

Lab-grown bricks offer potential low-carbon building material

A team of students at the University of Waterloo in Canada have developed a process to grow bricks using bacteria.

| Sep 27, 2022

New Buildings Institute released the Existing Building Decarbonization Code

New Buildings Institute (NBI) has released the Existing Building Decarbonization Code.

| Sep 22, 2022

Gainesville, Fla., ordinance requires Home Energy Score during rental inspections

The city of Gainesville, Florida was recently recognized by the U.S. Dept. of Energy for an adopted ordinance that requires rental housing to receive a Home Energy Score during rental inspections.

| Sep 19, 2022

New York City construction site inspections, enforcement found ‘inadequate’

A new report by the New York State Comptroller found that New York City construction site inspections and regulation enforcement need improvement.

| Sep 16, 2022

Fairfax County, Va., considers impactful code change to reduce flood risk

Fairfax County, Va., in the Washington, D.C., metro region is considering a major code change to reduce the risk from floods.

| Sep 13, 2022

California building codes now allow high-rise mass-timber buildings

California recently enacted new building codes that allow for high-rise mass-timber buildings to be constructed in the state.

boombox1
boombox2
native1

More In Category




halfpage1

Most Popular Content

  1. 2021 Giants 400 Report
  2. Top 150 Architecture Firms for 2019
  3. 13 projects that represent the future of affordable housing
  4. Sagrada Familia completion date pushed back due to coronavirus
  5. Top 160 Architecture Firms 2021