09/14/2011

Performance Contracts Can Save Big

 

A performance contract helps you secure energy upgrades without upfront capital costs.

Could you benefit from financing that guarantees energy savings? A performance contract helps building owners to pursue efficiency improvements within their existing budgets and without upfront capital costs.

To provide a net savings to an owner’s budget, projects are designed so that the yearly energy and operational savings are greater than or equal to the payments over the term of the contract.

Texas A&M University has seen steady improvements in energy consumption by using performance contracts. In the past decade, the university has reduced campus energy usage by 35% while increasing gross square footage by 18%. Water consumption has also fallen by 33% since 2000.

Combined with low-interest loans from the state, Texas A&M has 24 facilities in the midst of HVAC, lighting, and mechanical system upgrades. Guaranteed by the university’s energy service company, energy and operational savings will amount to over $1 million annually during the first phase and $500,000 a year during the second.

Performance contracts can be used by virtually any type of company, but the U.S. government is one of the largest supporters. According to the Department of Energy, more than 570 federal projects worth $3.9 billion were implemented across the country using performance contracts. The improvements are estimated to save 32.8 trillion BTUs a year, enough to provide energy for 345,000 homes. This translates to $13.1 billion in energy costs, $3 billion of which will reduce government spending with the rest funding additional efficiency projects.

If you’re in a tight budget situation and having difficulty funding necessary improvements, a performance contract may be the ticket to jumpstart your efforts.

 

 


Visit our website today to learn about the design flexibility of a Morton building and the endless possibilities of partnering with our designBUILD team.


Wood construction is both cost and energy efficient. Check out Morton Buildings and our designBUILD team online today to discover all the benefits of post-frame construction.


When choosing a metal-clad building for your next construction project, consider Morton Buildings, Inc., and their designBUILD team, we’ll make your dream a reality.

We Can Help You Reduce Energy by 30%

Our mission is to help our customers manage their buildings' energy costs, improve reliability, and enhance performance while having a positive impact on the environment.
CLICK HERE to find out how.

Add highly responsive multi-zone comfort to any building project, in any climate. Our CITY MULTI H2i R2- and Y-Series VRF systems give you flexibility to fit the needs of any building. Enjoy 100% heating capacity at 0°F outdoor ambient, and 85% heating capacity at -13°F outdoor ambient.  For more information, log on to www.mitsubishipro.com


Visit our website today to learn about the design flexibility of a Morton building and the endless possibilities of partnering with our designBUILD team.


Wood construction is both cost and energy efficient. Check out Morton Buildings and our designBUILD team online today to discover all the benefits of post-frame construction.


When choosing a metal-clad building for your next construction project, consider Morton Buildings, Inc., and their designBUILD team, we’ll make your dream a reality.

We Can Help You Reduce Energy by 30%

Our mission is to help our customers manage their buildings' energy costs, improve reliability, and enhance performance while having a positive impact on the environment.
CLICK HERE to find out how.

Add highly responsive multi-zone comfort to any building project, in any climate. Our CITY MULTI H2i R2- and Y-Series VRF systems give you flexibility to fit the needs of any building. Enjoy 100% heating capacity at 0°F outdoor ambient, and 85% heating capacity at -13°F outdoor ambient.  For more information, log on to www.mitsubishipro.com

 
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