The US Department of Energy opened enrollment for their Energy Savings Performance Contracting (ESPC) Campaign, aimed at helping counties save on building energy upgrades.
The U.S. Department of Energy (DOE) is opening enrollment for the Energy Savings Performance Contracting (ESPC) Campaign, which will help public building owners pay for today’s building upgrades with tomorrow’s guaranteed energy savings. The ESPC Campaign is a voluntary initiative that engages and supports state and local governments, universities and colleges, school districts, hospitals, and other market stakeholders in expanding and enhancing the use of ESPC to modernize public buildings. Participants can access expert-led training, peer exchange opportunities, and other resources and tools to support best practice approaches for ESPC projects and state programs to drive sustainable long-term impact. This initiative will support progress toward state and local environmental and economic goals, while creating healthier indoor environments and saving taxpayer dollars.
ESPC provides a budget-neutral approach to pay for infrastructure investments that reduce energy waste and pollution and save taxpayers money. Today’s call for enrollment will set participants on a course to achieving $1 billion in measured and verified savings from energy savings performance contracts by 2030. This goal represents a significant investment in public building energy improvements while aligning with the cornerstone of an energy savings performance contract, the savings guarantee, and serves to quantify and demonstrate the value of these energy efficiency investments.
Through this initiative, partners will maximize the energy, environmental and cost savings benefits of facility upgrades by leveraging existing programs from the Bipartisan Infrastructure Law and the Inflation Reduction Act in addition to other federal, state and local funding and financing resources.
