What Is the New Mexico EPC Program?
The New Mexico Energy Performance Contracting (EPC) Program is an innovative initiative aimed at helping state agencies and local governments improve their energy efficiency and reduce utility costs. The program is administered by the New Mexico Energy Conservation and Management Division (ECMD) and is funded through the Statewide EPC Revolving Loan Fund.
Under the EPC program, state agencies and local governments can partner with energy service companies (ESCOs) to upgrade their existing facilities with energy-efficient technologies and implement energy-saving measures. The ESCOs provide the necessary upfront capital investment for the projects and are repaid through the energy savings generated over time.
The EPC program offers a comprehensive approach to energy efficiency improvements, including energy audits, design and implementation of energy-saving measures, ongoing monitoring, and measurement and verification of energy savings. The program covers a wide range of energy conservation measures, such as lighting upgrades, HVAC system improvements, insulation, and renewable energy installations.
By participating in the EPC program, agencies and local governments can benefit from reduced energy costs, improved indoor comfort, enhanced facility operations, and reduced environmental impact. The program not only helps participants save money but also supports the state’s clean energy goals by reducing greenhouse gas emissions and promoting sustainable practices.
Q: Who is eligible to participate in the New Mexico EPC Program?
A: The EPC program is open to all state agencies and local governments in New Mexico, including municipalities, counties, school districts, and public colleges and universities.
Q: How does the EPC program work?
A: Participating agencies and local governments enter into contracts with ESCOs, who perform energy audits and propose energy-saving measures. The ESCOs finance the projects, and the participants repay the investment through the energy savings achieved over the contract period.
Q: How long is the contract period?
A: The contract period may vary depending on the complexity of the project and the financing terms. Typically, contracts range from 7 to 20 years.
Q: How are the energy savings calculated?
A: The ESCOs conduct detailed energy audits to establish a baseline energy consumption level. After implementing the energy-saving measures, the actual energy consumption is monitored and compared to the baseline. The difference between the two represents the energy savings achieved.
Q: Are there any upfront costs for participating agencies and local governments?
A: No, one of the main advantages of the EPC program is that the ESCOs provide the upfront capital investment for the projects. Participants repay the investment through the energy savings generated.
Q: Can participants choose their own ESCOs?
A: Yes, participants have the freedom to select ESCOs through a competitive bidding process. The ECMD provides a list of prequalified ESCOs to ensure quality and expertise.
Q: Can the EPC program be used for new construction projects?
A: No, the EPC program is primarily designed for retrofitting existing facilities. However, energy efficiency measures can be integrated into new construction projects to maximize energy savings.
Q: Are there any financial incentives available for participating agencies and local governments?
A: Yes, the ECMD offers financial incentives to encourage participation in the EPC program. These incentives can help offset project costs and improve the overall financial viability of the projects.
Q: How can interested parties get started with the EPC program?
A: Interested state agencies and local governments can contact the New Mexico Energy Conservation and Management Division to obtain detailed information about the program and the application process. The ECMD provides guidance and support throughout the entire project lifecycle.
In conclusion, the New Mexico EPC Program is a valuable opportunity for state agencies and local governments to improve energy efficiency, reduce utility costs, and contribute to a more sustainable future. By partnering with ESCOs and implementing energy-saving measures, participants can achieve significant energy savings, improve facility operations, and enhance environmental stewardship. The program offers financial incentives, comprehensive support, and long-term benefits, making it an attractive option for organizations seeking to optimize their energy consumption.