Contracting Model Removes Barriers to Retrofit Energy-Efficient Commercial Properties

A standardized, user-friendly contracting (Energy Performance Contracting) model that would enable real estate property owners to retro existing commercial buildings has been developed by the Building Owners and Managers Association International (BOMA) and the Clinton Climate Initiative (CCI). BOMA and the CCI worked with major real estate companies and energy service companies to identify the barriers to energy efficiency investment in the commercial real estate sector and to develop the standardized, user-friendly contracting model.

Called BEPC, the model allows capital investments that improve buildings’ financial and environmental performance to be paid for out of the energy and operational savings created by those improvements. In creating BEPC, BOMA and CCI have eliminated many of the common barriers to energy-efficiency retrofits. And, according to BOMA, since the contracts are standardized, real estate professionals need not become experts in performance contracting or energy performance guarantee provisions to executive a successful retrofit project.

Source: BOMA International