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Energy Savings Performance Contracts (ESPC)
New Mexico — state programSee program
A legal and financial tool that allows public entities to fund energy efficiency retrofits without upfront capital costs. A facility owner contracts with an Energy Service Company (ESCO) to identify, install, and guarantee cost-effective energy efficiency measures, with the ESCO repaid through resulting energy cost savings. EMNRD provides technical assistance, third-party review of energy audits, and has established state price agreements with ESCOs.
Program details
- Type
- other
- Eligibility
- State agencies; counties and municipalities; public K-12 schools and institutions of higher education; other political subdivisions of the state (e.g., mutual domestic water consumers associations)
- Status
- open
- Administrator
- Energy, Minerals and Natural Resources Department (EMNRD) / Energy Conservation and Management (ECAM)
Source: New Mexico — state program. Confirm current terms with the administering agency before applying.