Many cities around the country recognize the importance of implementing energy efficiency measures. A common obstacle, of course, is financing.
Through an energy performance contract (EPC) the Baltimore Convention Center is implementing $10 million in water and energy conservations measures guaranteed to provide $18 million in energy cost savings throughout the term of the agreement. The conservations measures will help the convention center to green its meeting spaces and help to support Baltimore’s goal of reducing city government electric power use by 20 percent by 2015.
EPCs are a great option for public entities to leverage to leverage their existing operational budget for needed capital improvements. They require no upfront capital from the customer and provide an avenue for payment of energy efficiency investments through their guaranteed energy savings over time.
Watch this video to learn more about EPCs from representatives of the Baltimore Convention Center: