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Maximizing ARRA Impacts With ESPC. Tennessee Green Building Summit Nashville, TN September 22, 2009. Overview. Introduction to ESCO Industry ESCOs in Tennessee Using ESPC to Leverage ARRA. What is ESPC?. Energy Savings Performance Contracts Turnkey projects
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Maximizing ARRA ImpactsWith ESPC Tennessee Green Building Summit Nashville, TN September 22, 2009
Overview • Introduction to ESCO Industry • ESCOs in Tennessee • Using ESPC to Leverage ARRA
What is ESPC? • Energy Savings Performance Contracts • Turnkey projects • All project services: audits to long-term monitoring • Full range of efficiency and renewable technologies • Project costs paid from savings • Savings verified and guaranteed • ESCOs delivering $5.5 B of projects in 2009 ≈All US utility EE programs combined ≈ Only 20% of projects involve incentives
ESCO Industry History • $35B in projects since 1990 • $50B savings – guaranteed and verified • 330,000 person-years of direct employment • $25 billion of infrastructure improvements • 420 million tons of CO2 savings at no additional cost
ESCOs in Tennessee • Ten ESCOs in place • $112M of projects delivered • $30M+ in project pipeline • Industry ready to invest resources in TN
ESPC Can Leverage ARRA Funds • Use ARRA funds as an incentive • Leverage ARRA with private investment • $50M of SEP = $250M -- $500M of projects • 5-10x the jobs • 5-10x the energy savings • 5-10x the GHG reductions • 5-10x the investment in public facilities
ESPC Projects = Good Local Jobs • Architects and engineers • Construction trades • Carpenters, electricians, plumbers, steamfitters, roofers, glaziers, sheet metal workers, etc. • Construction managers