From Courts to Fields: How LED Lighting is Revolutionizing Sports Venues _Part 8
(6) Energy Performance Contracts (EPCs):
Overview: EPCs are agreements where an energy service company (ESCO) finances, installs, and maintains energy efficiency upgrades.
Advantages: Upgrades are paid for through cost savings generated by energy efficiency improvements, minimizing upfront costs for the client.
Considerations: Long-term contracts typically involve shared savings or guaranteed savings arrangements, with contractual terms tailored to project scope and performance metrics.… Read More