Guaranteed Energy Savings is a vehicle to decrease growing utility costs. This is accomplished through a progressive contracting process that enables mass upgrades of building components such as lighting, HVAC, water, among others to be replaced through a budget neutral process. These upgrades significantly reduce energy usage, which result in decreased utility spending. Each state has different regulations regarding their guaranteed energy savings programs.
Benefit: Performance-based procurement and financing mechanism that leverages energy and operational savings achieved through the installation and implementation of energy efficient and renewable energy equipment measures