Shared-savings cuts hotel's losses from EMS removal

Journal Article · Mon Nov 08 04:00:00 EST 1982 · Energy User News; (United States)

OSTI ID:6601602

Galvin, C

A shared-savings contract will minimize the Myrtle Beach, SC Downtown Holiday Inn's losses of replacing a poorly performing Energy Master energy-management system with Scientific Atlanta equipment. The contract with Energy Master Inc. (EMI), which saved Holiday Inn the $80,000 to $90,000 purchase price, also permitted removal (a year after installation) of the equipment when it failed to generate energy savings. A dispute between Associated Energy Consultants (AEC), which was to receive half the savings in exchange for arranging the equipment financing, is described. At $51,745, the 262-point Scientific Atlanta system should have a 1.7-year payback. The hotel's electric bills were $2000 a month lower during the first three months of operation. (DCK)

• OSTI ID: 6601602
• Journal Information: Energy User News; (United States), Journal Name: Energy User News; (United States) Vol. 7:45; ISSN EUSND
• Country of Publication: United States
• Language: English

Related Subjects

32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATION
320104* -- Energy Conservation
Consumption
& Utilization-- Commercial & Industrial Buildings-- (-1987)
BUILDINGS
COMMERCIAL BUILDINGS
CONTRACTS
ENERGY MANAGEMENT SYSTEMS
ENERGY SYSTEMS
FINANCING
HOTELS
PERFORMANCE