Results for tag: "Performance Contracting"

Performance Contracting is a type of energy and natural resources contract that focuses on improving the efficiency of a facility or system. It is a type of energy service contract that involves a third-party contractor who is responsible for designing, installing, and maintaining energy-saving systems. The contractor is paid based on the energy savings achieved, and the customer is guaranteed a certain level of savings. Performance Contracting is often used to upgrade existing systems, such as lighting, HVAC, and building envelope, as well as to install renewable energy systems. It is a cost-effective way to reduce energy consumption and improve the efficiency of a facility. Some companies in the Performance Contracting market include Johnson Controls, Siemens, Honeywell, Ameresco, and Schneider Electric. Show Less Read more