Florida Statute 489.145 established the use of Energy Savings Performance Contracting to encourage agencies to invest in energy conservation measures that reduce energy consumption, produce cost savings for the agency, and improve the quality of indoor air in public facilities.
Key Provisions of the Law
- Guaranteed Results - both financial and technical performance
- Project is self-funding
- Savings are verified through an annual measurement and verification process
- Agreements may be up to 20 years
- Performed by state qualified Energy Services Company (ESCO)