"Performance contracts are a performance-based procurement method and financial mechanism for building renewal projects whereby the utility bill savings that result from the installation of new building systems pay for the project’s cost. With an established allowable payback period of 20 years and an aggregate principal amount of $100 million available, a “Guaranteed Energy Savings” performance contract (as defined in NC G.S. 143-64.17 legislation) obligates the contractor, a qualified energy services company, to pay the difference if at any time the savings fall short of the guarantee.
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Since NC State can produce it’s own energy they are saving money and supplying one third of the campuses energy.
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About Me https://about.me/nicewebb My Nature Photography… (more)
About Me https://about.me/nicewebb My Nature Photography… (more)
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