SMACNA is urging the House to support H.R. 723, “The Energy Savings Through Public-Private Partnerships Act of 2017” sponsored by Rep. Kinzinger (R-IL) and cosponsored by Representatives Welch (D- VT), Love (R-UT and Perlmutter (D-CO). Importantly, H.R. 723 was reported from the Committee on Energy and Commerce Committee on June 7, 2017 with unanimous support.
SMACNA recognizes the outstanding leadership given national energy efficiency policy over many years by Representatives Kinzinger and Welch, most recently represented by H.R. 723. Further, our decades of experience on the frontlines of energy efficient construction only reinforces our enthusiasm for performance contracts as financial leverage to boost the number and types of performance contracts. H.R. 723 would help expand both energy efficiency and jobs if Congress moves to expand the Use of Energy and Utility Saving Performance Contracts (ESPC)s/(USPC)s inside and outside of government.
Under the performance contract financing mechanism, private sector service companies finance and install new energy and water efficient equipment at minimal or no upfront cost to the Federal government. Federal agencies repay this investment over time with funds saved on utility costs. The private sector contractors measure, verify and guarantee these energy savings. In 2011 President Obama released a Directive tasking Federal agencies to issue more than $2 billion worth of performance-based contracting for energy savings over a two-year period. SMACNA and its allied business efficiency Coalitions supported that directive and now supports its continuation. SMACNA’s membership from coast to coast urges the administration to extend this program for another five years.