Using Revolving Loan Funds to Finance Energy Savings Performance Contracts in State and Local Agency Applications (Revised). PDF Download
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Author: Publisher: ISBN: Category : Languages : en Pages : 17
Book Description
This document is meant to assist state and local decision makers in understanding how the financing of energy savings performance contract projects can effectively fit into the structure of a revolving loan fund.
Author: Publisher: ISBN: Category : Languages : en Pages : 17
Book Description
This document is meant to assist state and local decision makers in understanding how the financing of energy savings performance contract projects can effectively fit into the structure of a revolving loan fund.
Author: Publisher: ISBN: Category : Energy conservation Languages : en Pages : 12
Book Description
This document is meant to assist state and local decision makers in understanding how the financing of energy savings performance contract projects can effectively fit into the structure of a revolving loan fund. Numerous pre-existing and newly emerging state- and locally-managed revolving loan funds (RLFs) are being used in conjunction with energy savings performance contracts (ESPCs) as an option for financing of energy efficiency projects. This document presents an overview of ESPCs and how they fit within the RLF framework. There are a variety of options available to state and local governments to catalyze the disbursement of available capital from RLFs and increase the number of ESPC projects within their jurisdictions. To demonstrate the implementation of this type of financing program in action, this report concludes with four program case studies of state-sponsored RLFs where ESPCs are an allowed use of funds.
Author: Publisher: ISBN: Category : United States Languages : en Pages : 49
Book Description
The Energy Savings Performance Contract (ESPC) program is an important contracting avenue for federal facilities mandated to reduce overall energy consumption. Currently the program allows federal agencies to obtain private financing to pay for the infrastructure improvements that lead to reduced energy consumption. Controversy over the true cost of private financing continues to jeopardize the future of the program. The DoD could benefit from using its own resources to establish a revolving fund that replaces the private financing thus creating a self-sustaining program that increases energy "wealth."
Author: Albert Thumann Publisher: CRC Press ISBN: 8770222738 Category : Business & Economics Languages : en Pages : 474
Book Description
First published in 2008. This practical application reference provides a resource for those seeking to utilize the innovative methods now available to finance energy projects. The full scope of current project financing practices are fully examined and assessed, including coverage of energy service performance contracting, rate of return analysis, measurement and verification of energy savings, and more. Readers will receive the facts they need to assess a project's payback in advance, anticipate and avoid potential risks and/or hidden costs, and assure that your energy project is an overall economic success. Other topics covered include financing international projects and ESCO’s (Energy Service Company’s) financing.
Author: United States. Government Accountability Office Publisher: ISBN: Category : Energy conservation Languages : en Pages :
Book Description
This report describes what specific attributes of Energy Savings Performance Contracts (ESPCs) and partnerships contributed to budget scoring decisions, the costs of financing through ESPCs compared to the costs of financing via timely, full, and up-front appropriations, and how ESPCs and partnerships are monitored.
Author: Publisher: ISBN: Category : Languages : en Pages :
Book Description
Federal agencies have had performance contracting authority since 1985, when Congress first authorized agencies to enter into shared energy savings agreements with Public Law 99-272, the Consolidated Omnibus Budget Reconciliation Act. By the end of FY 2001, agencies had used energy savings performance contracts (ESPCs) to attract private-sector investment of over $1 billion to improve the energy efficiency of federal buildings. Executive Order 13123 directs agencies to maximize their use of alternative financing contracting mechanisms such as ESPCs when life-cycle cost effective to reduce energy use and cost in their facilities and operations. Continuing support for ESPCs at the Administration and Congressional levels is evident in the pending comprehensive national energy legislation, which repeals the sunset provision on ESPC authority and extends ESPC authority to water savings projects. Despite the Congressional and Presidential directives to use ESPCs, some agencies have been reluctant to do so. Decision makers in these agencies see no reason to enter into long-term obligations to pay interest on borrowed money out of their own operating budgets if instead Congress will grant them appropriations to pay for the improvements up front. Questions frequently arise about whether pricing in ESPCs, which are negotiated for best value, is as favorable as prices obtained through competitive sourcing, and whether ESPC as a means of implementing energy conservation projects is as life-cycle cost effective as the standard practice of funding these projects through appropriations. The lack of any quantitative analysis to address these issues was the impetus for this study. ESPCs are by definition cost-effective because of their ''pay-from-savings'' requirement and guarantee, but do their interest costs and negotiated pricing extract an unreasonably high price? Appropriations seem to be the least-cost option, because the U.S. Treasury can borrow money at lower interest rates than the private sector, but appropriations for energy projects are scarce. What are the costs associated with requesting funding and waiting for appropriations? And how is the value of an energy project affected if savings that are not guaranteed do not last? The objective of this study was to develop and demonstrate methods to help federal energy managers take some of the guesswork out of obtaining best value from spending on building retrofit energy improvements. We developed a method for comparing all-inclusive prices of energy conservation measures (ECMs) implemented using appropriated funds and through ESPCs that illustrates how agencies can use their own appropriations-funded project experience to ensure fair ESPC pricing. The second method documented in this report is for comparing life-cycle costs. This method illustrates how agencies can use their experience, and their judgment concerning their prospects for appropriations, to decide between financing and waiting.
Author: Publisher: Transportation Research Board ISBN: 9780309062145 Category : Business & Economics Languages : en Pages : 220
Book Description
The conference was organized as a national forum to provide information on new approaches to financing all modes of transportation, to share success stories, and to stimulate discussion on the merits and drawbacks of new techniques, which are known collectively as innovative finance. Innovative finance in transportation is a diversified set of public- and private-sector actions that move beyond the traditional federal-aid and state-aid funding processes. Nearly 500 federal, state, and local government officials and private-sector representatives attended the conference. Conference participants grappled with the growing inadequacy of traditional funding sources and how to find new means to finance the continued maintenance and improvement of the nation's transportation infrastructure.
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Author: Albert Thumann
Author: United States. Government Accountability Office
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Author: Albert Thumann
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