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Bay Automation pitches energy‑performance contract as financing option; board to issue RFP
Summary
Bay Automation outlined energy performance contracts (EPCs) as a way to fund building improvements through guaranteed energy savings; the administration will issue an EPC RFP and expects proposals in the coming weeks.
A Bay Automation representative and district staff described energy performance contracts (EPCs) to the board as a potential financing mechanism that leverages guaranteed energy savings and building aid to fund facility upgrades.
The presenter said, "An energy performance contract is an alternative means of funding. It's similar to a capital project, except it's funded fully by the energy savings and the building aid that you get by doing that project." He explained the company had done preliminary analyses and identified potential EPC work in the $2.5 million–$3.5 million range, including lighting, controls and possible fuel‑switch measures, and emphasized that savings are guaranteed and the firm will write checks if projected savings are not realized.
The superintendent/administration said they would issue an RFP for EPC services the following day and expected proposals in the coming weeks, then return results to the board for review before any decision to proceed.
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