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Energy Audits: The Key to Performance Contracting Projects
The term "Performance Contracting" relates to projects where the performance of various energy conservation retrofits result in eavings that exceed the implementation cost of the entire project when financed over a fixed term. Such projects minimize the risk to the customer by guaranteeing a fixed annual return on the investment. If the specified guarantee amount is not met annually, the respective energy service company writes a check to account for the difference in the savings shortfall.
Tharoor, M. (1994). Energy Audits: The Key to Performance Contracting Projects. Energy Systems Laboratory (http://esl.tamu.edu); Texas A&M University (http://www.tamu.edu). Available electronically from