ESCO · Energy performance contracting
Building upgrades paid for by the energy they save.
As an energy services company, Turquoise Energy designs, finances, installs and verifies efficiency projects for New York and New Jersey buildings. Savings are guaranteed in the contract and verified every year.
Contract models
Two ways to structure a project.
Both models start with an investment-grade audit and end with measured, verified savings. They differ in who carries the financing.
You or your lender finance the project. We guarantee the annual energy savings in writing. If verified savings fall short of the guarantee, we pay the difference.
- Lowest financing cost
- Owner keeps all excess savings
- Standard for public sector and ESIP
We arrange the financing. Project costs are repaid from an agreed share of verified savings over the contract term, with little or no money from you up front.
- Off-balance-sheet options
- Performance risk sits with the ESCO
- Suits private owners with limited capital
Project lifecycle
From audit to verified savings.
One team carries the project through every stage, so the savings promised in the audit are the savings measured after construction.
- Investment-grade auditASHRAE Level III study sets the savings baseline the contract is built on.
- Proposal & contractMeasures, guaranteed savings, financing terms and M&V plan.
- Design & procurementEngineering, permits, competitive bids and incentive applications.
- ConstructionInstallation and commissioning with minimal disruption to occupants.
- Annual M&VSavings measured each year under IPMVP and reported to you and your lender.
Typical measures
What goes into a performance contract.
Quick-payback measures help fund longer-payback ones, so a single contract can cover upgrades no one would finance alone.
LED lighting & controls
Fast payback that funds the rest of the project.
Boiler & plant upgrades
High-efficiency boilers, burner controls, steam-to-hot-water conversion.
Heat pumps & electrification
Air-source and VRF heat pumps that cut LL97 emissions.
BAS upgrades
Modern controls, optimized sequences and remote monitoring.
VFDs & motors
Variable speed drives on fans and pumps, premium-efficiency motors.
Envelope improvements
Air sealing, roof insulation, window film and replacement.
Solar PV & storage
On-site generation and battery storage where the roof and rates allow.
Water conservation
Low-flow fixtures, DHW heat pumps and leak detection.
Public sector
New Jersey ESIP projects.
The Energy Savings Improvement Program lets New Jersey public entities pay for energy upgrades from future savings, without a referendum.
- Who qualifiesMunicipalities, counties, school districts, housing authorities, colleges and state agencies.
- What ESIP requiresAn investment-grade energy audit, a verified Energy Savings Plan and annual M&V.
- Our roleAudit, Energy Savings Plan, design, construction and annual verification reports.
FAQ
What is an ESCO?
An energy services company (ESCO) develops, installs and often arranges financing for energy efficiency projects, and guarantees that the project will deliver a set level of energy savings. If savings fall short, the ESCO pays the difference.
What is an energy performance contract?
An energy performance contract (EPC) is an agreement where the cost of efficiency upgrades is repaid from the energy savings they produce, usually over 10 to 20 years. Savings are measured and verified each year.
Can New Jersey public entities use performance contracting?
Yes. New Jersey's Energy Savings Improvement Program (ESIP) lets municipalities, counties, school districts and other public entities fund energy upgrades from the savings, without a bond referendum. ESIP requires an investment-grade energy audit and third-party review.
Do we need capital up front?
No. Projects can be financed through tax-exempt lease purchase, energy-savings financing or shared-savings arrangements, so annual payments are covered by the energy savings.
Upgrade your building without upfront capital.
Send us your building details or call an engineer directly. We reply within one business day with a recommended scope and fee.