Cities Enticed by Pay-if-You-Save Energy Deals

October 26, 2012

[New York Times] When the city of Brea, CA set out to make city buildings more energy efficient, they turned to an energy-savings performance contract that requires no upfront costs and allows the city to pay for the project over time using the savings on utility bills. Unlike some aspects of energy policy, the legislation has generally received bipartisan support, said Berkeley Lab’s Charles Goldman. The energy service company market “is an example of a successful private sector industry that is relatively self-sustaining and doesn’t rely on a lot of incentives or subsidies outside the basic economics of these projects,” he said. More>

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