FinancingUp to date · Jan 15, 2026
Energy Savings Performance Contract (ESPC)
An agreement where an energy service company (ESCO) guarantees a certain level of energy savings from efficiency improvements. If savings fall short, the ESCO covers the difference.
Related Terms
Energy Savings Agreement
A contract (similar to a PPA) where an energy services company installs efficiency or solar improvements and the customer pays from guaranteed energy savings. Common in commercial and municipal projects.
Production Guarantee
A written guarantee from a solar installer specifying the minimum kWh of electricity the system will produce annually. If actual production falls short, the installer compensates the difference.