From lowering utility bills to modernizing buildings, reducing maintenance costs and improving the building environment for occupants, an Energy Savings Performance Contract (ESPC) project can prove incredibly valuable for most organizations, all with little or no cost to the client. Yet, ESPC projects can be complex and don’t always meet expectations. Selecting a good Energy Services Company (ESCO) and keeping some basic principles in mind will help make your ESPC a successful one.
Have a champion
Every successful ESPC needs a champion – someone who will maintain momentum and enthusiasm for the project within your organization. Ideally, this person has considerable influence within the organization and is an assertive advocate for the ESPC process. The strongest setback of an ESPC project is doing nothing – this can be overturned with the right people.
Be clear on objectives and criteria
What exactly are you trying to achieve?
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