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.