CONTRACTING HELPS SAVE ON ENERGY COSTS

To improve energy efficiency, some companies are doing fresh than just turning over the lights at the deliver of the day.

As soaring energy costs increasingly affect its bottom line of U.S. businesses, the "energy stunt contract" has grow into an attractive solution thanks to commercial building owners. This contract is a financing or handling lease offered by an bit service company, again known as an ESCO, to second businesses improve the energy efficiency of their buildings or facilities.

The key to energy performance contracting is to use long-term utility savings to fund the improvements. The ESCO habitually guarantees energy savings that will hang around or exceed tabloid payments to cover all project costs, often seeing a betroth term of seven to 20 years.

"A building owner possibly pays a guidance for an inefficient building, or they amenability pay an ESCO to improve their building," says Jeff Stokes, a clamp president at World vitality Solutions, a publicly traded ESCO (symbol: WEGY) based in St. Petersburg, Fla.

World Energy Solutions strives to reduce kilowatt usage by advance to 30 percent. The company offers a variety of services, including nourishment billing and ratio analysis, energy auditing, installation of building improvements, building systems maintenance and ongoing monitoring and check of the occupation savings.

ESCOs can provide agile and representative ways to finance their services. For example, World Energy Solutions offers to pay the

total up-front cost of installation as well as equipment maintenance esteem return for an 80 percent share of the actual savings realized since a minimum 10-year period.

"In some cases, our company will fund the entire installation, at no charge to our customer, and live off its savings we generate over a certain volume of time," says Ben Croxton, paramount executive officer of World Energy Solutions.

ESCOs not only identify energy-saving opportunities, but also pop up engineering designs and specifications further manage the entire process. They also can provide staff try and ongoing maintenance services.

Even its federal government has gotten into the act, and for good reason: administrative orders which require sovereign agencies to use 35 percent less energy by 2010 in comparison to 1985 levels will require $5 billion in energy projects. Much of that will go to "Super movement Savings Performance Contracts," offering by the Department of Energy.Visit Source
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