Energy Performance Contracting (EPC)
Achieve energy efficiency with equipment upgrades and replacements that is paid over time with your utility savings
Significant energy and water savings are within your reach
When it comes to energy services with Iconergy, you have options—we design each project to fit our client’s objectives, meaning our wide range of services can be added or removed as necessary. Still, modern energy and sustainability standards mean our clients often need a more comprehensive, full-service solution.
Energy Performance Contracting (EPC) provides the complete package of services your building needs to keep up with modern energy and sustainability services.
Energy performance contracts often enable us to overhaul your energy systems with innovative financing strategies including grants and repayment based on actual utility cost savings. Click on the buttons to learn more about what your EPC project can look like with the experts at Iconergy.
How An EPC Works
An EPC provides an approach to achieving energy savings, sustainability, and efficiency objectives. All services are paid for by utility savings your building as a result of implemented environmental conservation and efficiency measures once our work is complete. This low-risk, high-reward financing structure provides a strategic opportunity to achieve energy modernization and savings.
EPC contracts are designed to give you the modern energy tools and tech you need to run a more efficient facility. The ultimate goal is long-term energy savings and an environmental system that can withstand the test of time. And we aim to take sustainability a step further—we design and install energy systems that lay a foundation for future energy upgrades, so you’ll stay ahead of the curve. The bottom line is, EPCs makes comprehensive energy savings accessible and working with a qualified energy services company (ESCO), like Iconergy, is key.
Our services can include everything from localized retrofits to full energy system replacements, depending on your facilities. In any case, you’ll know exactly how and where your EPC funding is spent before construction begins.
Our process includes collecting and understanding where the facility’s baseline utility use currently resides. This understanding is achieved by conducting utility bill analysis on the facilities of utility data for energy use (electric, natural gas, water) to determine the building’s baseline energy use. This allows the team to determine areas where the most savings can occur.
If the projected energy savings aren’t realized within a predetermined timeframe, we’ll cover the difference, known as shortfall.
Iconergy averages more 20% of utility cost savings from our EPC projects.
Our Approach to Energy Performance Contracting (EPC)
The first step in our approach is to complete an Investment Grade Audit (IGA), also known as an ASHRAE Level III audit. The purpose of the IGA is to determine where, when, why and how energy is used in a facility, and to identify opportunities to improve efficiency. Our team leads this process and works closely with building owners, staff and other key participants to ensure accuracy of data collection and the appropriateness of energy efficiency, renewables, and even water management recommendations.
IGA’s Identify:
Action plans for capital measures that improve utility savings and reduce maintenance costs
No-cost operational or maintenance adjustments that will save energy and/or water
Short-term, low-cost energy and/or water efficiency retrofit recommendations
Opportunities for improved lighting, comfort, and code issues that should be addressed
Project Financing Explained
EPC is an innovative financing model that can help you finance a design-build retrofitting project paid for with energy and water utility bill savings.
Financing an EPC is a performance-based contract where the cost of system retrofits is paid for through the energy savings generated (and guaranteed) by the retrofit. Typically, these contracts are funded by local or state jurisdictions.
Detailed analysis of capital-intensive modification through the IGA process provides very detailed recommendations and financial analysis for major capital investments. In addition to identifying energy conservation measures and utility savings, IGA audits include monitoring, data collection via trends, and prime contractor/subcontractor derived Guaranteed Maximum Pricing (GMP) for recommended capital measures. The savings identified in an IGA audit are also be guaranteed, which is a significant attribute of an IGA.
We guarantee a contracted amount of energy savings over the term of the contract. If the energy savings are not achieved within a predetermined timeframe, Iconergy covers the difference!
Iconergy has met 100% of our saving guarantees for our EPC projects.
Energy performance contracts provide a realistic avenue to providing new equipment for buildings and campuses that have difficulty financing such endeavors. That’s why we specialize in providing these services to our clients.
Key Benefits of Energy Performance Contracting with Iconergy
Our clients are happy to work with our team because we treat each building and campus as if each were our own. We make recommendations that streamline operations and just make sense. In addition to obvious equipment that is driving utility costs up, we also find ways to strategically include some of those deferred maintenance items that seem to fall through the cracks year after year. We see ourselves as an extension of your team to make sure that when the project is done, your facility operates the way you want it to and achieves sustainability and GHG emission reduction goals.
Comprehensive Energy Solutions
EPC provides a right-sized package of services that can range from localized retrofits to full energy system replacements, depending on your facilities. This allows for a more comprehensive approach to energy system modernization.
Low-Risk Financing Structure
EPC's innovative financing structure is designed to put low-cost energy use within your reach. EPCs provide a low-risk, high-reward financing structure that provides data-driven opportunities to achieve energy modernization and savings.
Guaranteed Energy Savings
If the project energy savings aren't realized within a predetermined timeframe, Iconergy will cover the difference. On every EPC project, our goal is to meet and exceed projected energy savings whenever possible.
State Programs/Program Memberships
Iconergy is proud to be a pre-qualified energy service company (ESCO) by the State of Colorado’s Energy Office, the State of Montana, the State of New Mexico, and the State of Wyoming. This means we are qualified to provide performance contracting and design-build services for state, city, county, and special district entities in these states.
Colorado Energy Office
Iconergy is a local, Colorado-owned and operated company whose entire staff is based in Colorado. While state entities need to go through a supplemental selection process, non-state entities may engage Iconergy directly since our pre-approval from the State of Colorado was achieved through a competitive selection process.
State of New Mexico
Iconergy has been newly accepted into the Energy Savings Performance Contracts (ESPC) program for the State of New Mexico to partner with state entities to achieve their net-zero goal. Please view our Energy Performance Contracting page to learn more about our great service or contact us with further questions.
State of Montana
Iconergy is proud to be a prequalified ESCO for Energy Savings Performance Contracts (ESPC) in the State of Montana. Iconergy staff members have experience outside of Colorado and are focused on providing exceptional services for both in-state and out-of-state clients. Please view our Energy Performance Contracting page to learn more about our great service or contact us with further questions.
Wyoming Business Council
Iconergy is proud to be a prequalified ESCO for Energy Savings Performance Contracts (ESPC) in the State of Wyoming. Iconergy staff has experience inside of Wyoming with energy engineering and energy performance contracting. Please view our Energy Performance Contracting page to learn more about our great service or contact us with further questions.
Get Modern Efficiency with EPC Services from Iconergy
Every project is tailored to our clients’ individual needs, because when it comes to your facility, your needs and objectives always come first. Our team brings inter-disciplinary knowledge to provide EPC services to schools, hospitals, office buildings, and more.
We’d be happy to help you take the first step to enable cleaner, greener, energy use in your facilities. Contact us to learn more about energy upgrades.