On Tuesday, April 14, the New Jersey Board of Public Utilities (BPU) provided details on its Energy Savings Improvement Program (ESIP), a financing mechanism that allows public entities to make energy efficient facility upgrades without upfront capital expense or impact to taxpayers.
ESIP is a form of energy performance contracting that allows government entities to make energy-related improvements to their facilities using the value of energy savings that result from the improvements. The ESIP law was enacted in 2009 and updated in 2012. It provides all types of government entities – from school boards to municipalities to state governments – with a tool to lessen their environmental impact, save money, and reduce their energy usage for minimal costs.
ESIP can help accomplish any retrofit strategy (major HVAC, minor HVAC, onsite generation, facility improvements, etc.) but can also leverage multiple strategies. ESIP can be used as a way to find energy savings; upgrade equipment; and improve indoor air quality.
More information on the program can be found on BPU’s website. Interested entities may complete the ESIP intake form. Admissions are rolling and there is no deadline to apply.
