Taking Stock: Evaluating ESPC Results
This blog is part 5 of our 5-part series exploring DOE’s ESPC Toolkit. The Accelerator was a 3-year partnership of states, local governments, and K-12 schools to expand access to energy savings performance contracting, or ESPC. ESPC is a financing mechanism that provides upfront capital for energy efficiency projects, which is then repaid by the guaranteed savings on utility bills resulting from the upgrades. Check out part 1, part 2, part 3, and part 4.
The most important part of implementing and executing any project comes at the very end: gauging how it worked! For the final installment of our ESPC blog series, we will focus on how to assess the results of an ESPC. The typical reasons for using ESPC to complete energy efficiency retrofits are guaranteed energy savings, but it can still be challenging to measure and promote those results, even for experienced ESPC practitioners.
The resources contained in Evaluating ESPC Results support strong measurement and verification practices and can help you tell the story of your successful projects.
Measurement & Verification Guidelines – Guidelines and standard procedures from the Federal Energy Management Program for M&V of performance contracting projects, frequently used at the state and local level.
Project Benchmark Sheets – These documents profile ESPC projects in several public sectors: state and local governments, K-12 schools, colleges and universities, and public housing. Each sector sheet reports on the high, low, and median values for project installation costs, annual energy savings, and simple payback period.
- State and Local Government Project Benchmark Sheet
- K-12 Project Benchmark Sheet
- Post-Secondary Project Benchmark Sheet
- Public Housing Project Benchmark Sheet
Overview of Economic Impact Analysis Tools – This 2-page document introduces and describes three tools that analyze the economic impacts (job creation, increased incomes, etc.) of energy efficiency projects and provides specifics on the level of detail, data requirements, and costs for each tool.
Learn more about the Better Buildings Energy Savings Performance Contracting Toolkit and don’t forget to register for our final ESPC webinar. View the previous webinars here.