Shared savings financing means the financing of
Shared savings financing means the financing of energy conservation measures and maintenance services through a private firm which may own any purchased equipment for the duration of a contract. Such contract shall specify that the private firm will be recompensed either out of a negotiated portion of the savings resulting from the conservation measures and maintenance services provided by the private firm or, in the case of a cogeneration project, through the payment of a rate for energy lower than would otherwise have been paid for the same energy from current sources; and
Shared savings financing means the financing of energy conservation measures and maintenance services through a private firm which may own any purchased equipment for the duration of a contract. Such contract shall specify that the private firm
Examples of Shared savings financing in a sentence
Shared savings financing" means the financing of energy conservation measures and maintenance services through a private firm which may own any purchased equipment for the duration of a contract.
Nevertheless, performance contracting is an option that should be considered carefully because of the benefits it can bring if done right.Shared savings: Shared savings financing offers many of the advan- tages of operating leases.