Energy Performance Contracting
Refurbishment of indoor lighting with LEDs requires high investments costs. Energy Performance Contracting offers an alternative financing method to overcome this barrier where an ESCO (Energy Service Company) and a client (such as a local authority) enter into an . Costs for the refurbishment are covered by the ESCO, so that no upfront investment by the client is required and the energy savings are ensured. The energy savings generated are used to cover the ESCOs investment and capital costs. The contract ends after the agreed pay-back period and the client benefits afterwards from the energy and cost savings.
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