ENERGY SERVICE PERFORMANCE CONTRACTEnergy Service Performance Contract • February 15th, 2022 • New York
This Energy Service Performance Contract (“Contract”) is made and entered into this day of , 2022 by and between Day Automation Systems, Inc. (“Day”), having its principal place of business at 7931 Rae Boulevard, Victor, New York 14564
ENERGY SERVICE PERFORMANCE CONTRACTSEnergy Service Performance Contract • March 23rd, 2018
An ESPC is an agreement between an end user and an Energy Service Company (ESCO) that guarantees that the energy savings from the energy efficiency upgrade will finance the initial capital cost of the project over the course of the project. It thus captures future energy savings from a retrofit project in order to finance the initial capital cost. Most importantly, it transfers the financial and technical risks associated with a major energy efficiency upgrade to a third party.
