BASIC ESPC PROCESS

An ESPC allows a Government Unit to finance and install proven energy-efficient technologies and upgrade energy infrastructure at no up-front cost. The Government Unit, through a competitive process and with SOEP's assistance, selects an ESCO to complete an energy audit of the facilities and propose a project through which the financed debt service can be paid for from the utility savings. Once an ESPC is negotiated, the ESCO designs, installs and commissions Conservation Measures selected by the Government Unit from the suggested list of conservation measures prepared by the ESCO. The ESCO can be contracted to provide maintenance of the system, oversight, operations training or a combination of the aforementioned to ensure savings persist. Energy savings are measured and verified and the ESCO guarantees the savings.