Although investments to improve energy
efficiency are cost effective and offer attractive
rates of return, many profitable investment
opportunities are being lost due to broad
national, economic and institutional factors,
which restrict investments in energy efficiency.
Hardin Geotechnologies offers performance contracting in order
to provide comprehensive energy efficiency or load reduction
services to customers that own or operate facilities such as
factories and buildings. Performance contracting is an agreement
for an energy cost saving retrofit where the project may be
financed through reduction of energy cost. In one type of agreement
a shared savings contract, the savings in excess of the finance
charge are shared between Hardin Geotechnologies and the owner.
In other types of agreements the minimum annual savings are
guaranteed. Variations on the contract allow either Hardin Geotechnologies
or the owner to provide any one measurement and evaluation,
commissioning and maintenance.