If I were mayor, I would enter into performance contracting with an energy services company (ESCO), to improve City-owned buildings’ energy efficiency. Performance contracts are paid with the cost savings realized by the client (the City), so it is a low-risk investment with great benefits.
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I don't know about ESCOs, but the idea sounds like a no brainer. If their compensation is from cost savings then the only cost to tax payers is the actual improvements, which presumably would pay for themselves over time. Wouldn't it be cool for Charleston to get high national rankings for things like being energy efficient, open green spaces, walkability, bike paths etc instead of politeness and most weddings!
Reply • Follow • 1/25/2015