Full Title: Energy Savings Performance Contracts: Additional Actions Needed to Improve Federal Oversight
Author(s): United States Government Accountability Office
Publisher(s): United States Government Accountability Office
Publication Date: June 1, 2015
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Description (excerpt):
The seven selected agencies in GAO’s review awarded approximately $12.1 billion in energy savings performance contracts (ESPC) in fiscal years 1995 through 2014 and plan to continue using them to help meet federal energy directives and initiatives. Under ESPCs, private contractors finance the up-front costs of energy improvements. Agencies then repay contractors from the savings, such as those resulting from lower utility bills. The seven agencies GAO reviewed have used more than 500 ESPCs for projects, such as installing energy-efficient lighting or power generation projects. Agencies’ plans to use ESPCs vary, particularly for data center consolidation projects, which could reduce a significant amount of energy.