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Construction and Procurement Blog

Energy Savings Performance Contracts

Contractors looking to diversify their construction portfolio may consider federal, state, and local governments’ energy efficiency projects as an option.  Georgia voters recently passed a constitutional amendment, and the legislature enacted Senate Bill 194, to foster such projects.  The Guaranteed Energy Savings Performance Contracting Act expressly authorizes state and local governments to enter into multi-year contracts for “energy conservation measures.”  The best part is that energy savings performance (“ESP”) contracts are funded entirely by energy savings.  Thus, they are a budget-neutral method of making governmental facilities operate more efficiently and environmentally friendly.

Read more about Georgia’s Guaranteed Energy Savings Performance Contracts in a recent AHC Construction Client Alert.


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