Using an Energy Performance Contract
- Project complexity
A baseline consumption profile is determined using past
energy bills, and then savings are calculated using the actual energy
bills received throughout the contract period. Usually both parties agree
to monitor the savings on a regular basis--that way midcourse adjustments
can be made and performance improved. Performance contract projects must
be of sufficient size such that the savings generated by the project cover
its costs over the length of time specified in the contract. Aggregating
smaller projects into a single contract is a way to create the critical
mass necessary to make performance contracting a viable option.
Quality Energy offers lease purchase agreements as a means of reducing the costs of energy efficient equipment and services. These leases are designed so that the energy savings actually pay the financing charges. Leases in which the lessee assumes ownership typically range from 3 to 10 years.
Our Shared Savings program is a form of financing which
allows you to implement high-efficiency easily justifiable projects with
no up-front expense. Quality Energy purchases and installs the efficiency
improvement equipment. A portion of the energy cost savings achieved by
implementation is paid to us over an agreed upon term to cover the cost
of the initial investment. The balance of the savings is retained by your
organization (i.e.., the owner), creating an immediate boost to cash flow.
When the term concludes, you keep the equipment and retain 100% of the
savings. Quality Energy offers a variety of financial vehicles in order
for our customers to initiate projects and reap the savings opportunities.
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