Investigation into the establishment of a corporation for energy financing: Final report

Technical Report · Sat Aug 01 04:00:00 EDT 1987

OSTI ID:5559575

Performance contracting addresses one of the most significant barriers to energy projects, which historically has been the lack of funding. However, there are barriers to the use of performance contracting in New York. Lack of information on the part of building managers and financial institutions, a need for ongoing, intensive assistance by governments, complex procurement procedures and regulations, and the number of small projects with high transaction costs are all reasons why performance contracting has not been used to a greater extent in New York and elsewhere. Seven subsectors have been identified within the public and publicly assisted building sector. They include elementary and secondary schools, universities colleges, municipal governments, hospitals, public care facilities, state office buildings and public housing. The total potential investment for energy efficiency projects in these subsectors is approximately $2 billion. In its initial years of operation, OEF should target universities, colleges and State-owned facilities, because projects in these subsectors are likely to be larger, easier to implement and will enable the State to test the need for the creation of the Corporation for Energy Financing. In examining institutional structures capable of offering the services described above, it was determined that most of the services could be provided through a pilot program at the Energy Authority, in coordination with other state agencies such as the State Energy Office.

• Research Organization: Lane and Edson, P.C., Washington, DC (USA)
• OSTI ID: 5559575
• Report Number(s): NYSERDA-87-15; ON: TI88900282
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING, POLICY, AND ECONOMY
290200* -- Energy Planning & Policy-- Economics & Sociology
290500 -- Energy Planning & Policy-- Research
Development
Demonstration
& Commercialization
BUSINESS
COST BENEFIT ANALYSIS
DOCUMENT TYPES
ENERGY EXPENSES
FEASIBILITY STUDIES
FINANCIAL INCENTIVES
FINANCING
FORECASTING
IMPLEMENTATION
MARKETING RESEARCH
PROGRESS REPORT