NORESCO offers local governments valuable tools like A Guaranteed Energy Savings Contract for achieving sustainability goals.
As one of the largest energy services companies in the U.S., NORESCO utilizes design-build and a variety of performance-based contracting vehicles to deliver energy and maintenance savings and significant infrastructure upgrades to existing facilities. These upgrades can be funded through cost savings that the projects generate, without the need for up-front capital expenditures by the customer. NORESCO has guaranteed more than $3 billion in energy and operating cost savings at more than 7,000 sites throughout the U.S. and worldwide.
According to NORESCO’s website:
A Guaranteed Energy Savings Contract is a valuable tool for achieving infrastructure modernization, budget reduction, efficiency and sustainability goals without the need for upfront capital expenditure and voter approval. Many states have enabling legislation that allows state agencies to enter into such contracts with a qualified energy services company (ESCO). These contracts are designed so that all project costs, including financing, are paid for by the energy cost savings.
Since 1984, NORESCO has delivered infrastructure upgrades and operational efficiency at state and local government facilities across the nation. Our custom, turnkey solutions improve system efficiency and reliability while reducing operating cost and deferred maintenance burdens with no upfront capital. We work with customers to secure low-cost financing and grants that further enhance project scope and maximize savings.
Our holistic approach also extends to promoting green education and awareness across state and local governments. For example, NORESCO’s Energy Conservation Through Behavior Change® program establishes a culture of energy conservation across the organization, customized to meet its environmental, workforce and cultural needs.
Thank you to NORESCO for being a MACo Bronze Corporate Partner and for sponsoring our Roaming Reporter and Feature Booth at MACo’s Summer Conference!
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