Energy Performance Contract

Energy Performance Contracts (EPCs) are an increasingly popular way for organizations to upgrade their facilities in a cost-effective manner. Though the concept is relatively new, it has quickly gained traction in recent years due to its numerous benefits. By entering into an EPC agreement with a third party, businesses can gain access to cutting-edge energy efficiency technologies while paying discounted rates. In addition, they can experience greater savings by mitigating the risk of skyrocketing energy costs and capital outlays in the future. This article explores what an EPC is, how it works, and how businesses can take advantage of this powerful management tool.