Across the nation, state and local governments are challenged with fostering economic development, reducing costs, saving taxpayer money and protecting the environment. Investment in infrastructure, efficiency and sustainability solutions is critical to meeting these challenges. However, economic uncertainty makes voters reluctant to approve traditional bonds for capital improvement projects, leading to budget cuts and increased deferred maintenance backlogs. The 2009 American Recovery and Reinvestment Act (ARRA) helped narrow budget shortfalls, but even these funds have largely fallen short for many local governments.A Guaranteed Energy Savings Contract is a valuable tool for achieving infrastructure modernization, budget reduction, efficiency and sustainability goals without the need for upfront capital expenditure and voter approval. Many states have enabling legislation that allows state agencies to enter into such contracts with a qualified energy services company (ESCO). These contracts are designed so that all project costs, including financing, are paid for by the energy cost savings.
With more than 25 years’ experience in the energy and sustainability services field, NORESCO has delivered infrastructure upgrades and operational efficiency at state and local government facilities across the nation. Our custom, turnkey solutions improve system efficiency and reliability while reducing operating cost and deferred maintenance burdens with no upfront capital. We work with customers to secure low-cost financing and grants that further enhance project scope and maximize savings.
Here's how it works. The NORESCO team:
- Identifies cost savings, infrastructure modernization, sustainability and revenue enhancement opportunities.
- Implements a package of efficiency and technology improvements to be funded by project savings.
- Guarantees the savings - if they don't materialize, we pay the difference.
Energy Conservation Through Behavior Change® program establishes a culture of energy conservation across the organization, customized to meet its environmental, workforce and cultural needs.
National Association of Counties (NACo) Green Government Initiatives- As a founding partner, NORESCO supports educational efforts through case studies, marketing literature, webinars, and event sponsorships that promote green governments.