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Private firm urges clearer law to let schools use performance contracts for energy and air-quality upgrades
Summary
Eric Lafayette of Energy Efficient Investments told the House Education Committee that energy performance contracts can finance and guarantee energy- and air-quality upgrades for schools, but statutory language should be clarified to allow use on additions and to permit indoor-air-quality baselines as part of savings calculations.
Eric Lafayette, vice president of Energy Efficient Investments, testified to the House Education Committee on Jan. 16 that energy performance contracts let school districts finance facility upgrades by using guaranteed energy savings to pay for work.
Lafayette described a delivery model in which his firm performs investment-grade audits, recommends energy cost measures and guarantees savings over multi-year contracts. "We quantify those and then we guarantee an energy savings associated with that measure over a period of time," he said.
Why it matters: Lafayette said the model can help districts access grants and rebates, reduce utility bills and fund upgrades with limited upfront capital.…
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