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Trane presents energy-savings performance contract option to Hazel Park board
Summary
Representatives from Trane briefed the Hazel Park Board on energy savings performance contracts, a nonvoted financing option that bundles guaranteed energy and infrastructure upgrades and may be paired with bond or sinking-fund dollars.
Representatives from Trane and a partner presented an overview of energy-savings performance contracting to the Hazel Park Board of Education on Jan. 6, explaining how districts can finance building upgrades by reallocating guaranteed energy and operational savings.
Trane staff described the model commonly called an energy savings performance contract (ESPC) or nonvoted bond: a district identifies energy and operational savings, an accredited energy-services company (ESCO) designs and installs upgrades such as boilers, rooftop units, lighting, controls and water-efficiency measures, and the ESCO guarantees savings over a contract term. Presenters said such contracts are typically structured with…
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