Building Management Hawaii February/March - (Page 25)

Payback Projects Don’t let fiscal barriers kill your energy-saving projects. By David Moakley S www.buildingmanagementhawaii.com The ESCO conducts a comprehensive energy audit of the facility and identifies improvements to save energy. In consultation with the customer, the ESCO designs and constructs a project that meets the customer’s needs and arranges the necessary financing. The ESCO guarantees that the improvements will generate energy cost savings sufficient to pay for the project over the term of the contract. After the contract ends, all the future energy cost savings accrue to the customer. Energy efficiency solutions can include lighting retrofits, window and HVAC replacements, installation of new boilers, chillers, hot water systems, photovoltaic systems (PV) and the latest energy management systems. An ESPC is a win-win scenario with great benefits: • nsures building efficiency E improvements and new equipment without upfront capital costs • inances energy improvements F without relying CIP • uarantees energy and operation G cost savings • elps to plan and budget energy, H operation and maintenance accounts • inimizes vulnerability to budget M impacts due to volatile energy prices, weather and equipment failure David Moakley is senior project developer for Ameresco, Inc., a leading independent provider of energy efficiency and renewable energy solutions. BMH February–March 2013 25 Energy o, the 30-year-old chiller in “Building 3” is down for the third time this year and needs yet another emergency repair. This has taken a real toll on this year’s maintenance budget, causing other critical maintenance needs to be set aside. There’s also no guarantee that replacing the chiller will make it into next year’s CIP budget! Is there an alternative method to get this chiller replaced? The answer is, yes. With an Energy Savings Performance Contract (ESPC), a facility’s infrastructure can be updated to provide capital inprovements and energy savings with no up-front capital costs. This budget-neutral approach eliminates the CIP constraints that often delay many projects. An ESPC is a partnership between the customer and an Energy Service Company (ESCO). http://www.buildingmanagementhawaii.com

Table of Contents for the Digital Edition of Building Management Hawaii February/March

Top 3 Energy Incentives
On The Grid
Solar: Not A Singular Solution
Saving Money & Art
Payback Projects
Top 10: Turn Energy Into Value
AC: Light-Zapping Clean
Does Your HVAC Talk BACnet?
Editorial: Industry Insights
Association Updates & Industry News
Ask An Expert: No One Likes To Sag

Building Management Hawaii February/March