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 12, 2021
Three new laws expected to spur more affordable housing in California
Trio of measures could aid carbon reduction in built environment.
Codes and Standards | Oct 11, 2021
New program to promote mass timber construction launched in Boston
City’s planning and development agency to award grants for projects in early-stage planning.
Codes and Standards | Oct 6, 2021
Intl. Code Council publishes EV and building codes resource
Assists communities in setting policies for electric vehicle charging requirements.
Codes and Standards | Oct 5, 2021
Feds award $1 billion to renovate health centers
Funds will modernize existing infrastructure and cover other COVID-19-related capital needs.
Codes and Standards | Oct 4, 2021
Boston City Council approves mandate for major emissions cuts for large buildings
Applies to buildings 20,000 sf or larger—about 4% of city’s buildings.
Codes and Standards | Oct 4, 2021
HPD Collaborative and Green Seal to align standards
Will result in expanded options for manufacturers to enhance sustainability reporting and certifications.
Codes and Standards | Sep 30, 2021
U.S. has a deficit of 5 million homes
Builders unable to keep pace with demand.
Codes and Standards | Sep 29, 2021
Mass Timber group study will compare structural round timber to glulam products and steel
Will compare costs, capabilities, and carbon impacts of structural materials.
Codes and Standards | Sep 28, 2021
Massachusetts creates Commission on Clean Heat
First-of-its kind body to set targets for buildings to reduce emissions from heating fuels.
Codes and Standards | Sep 27, 2021
Commercial real estate industry faces SEC climate disclosure regulations
Risks associated with climate change would have to be revealed.
