Pepco Energy Services, a subsidiary of Pepco Holdings and a leader in energy savings performance contracting, announced that it has commenced implementation of an Energy Savings Performance Contract (ESPC) with Florence County, South Carolina. Under the contract, Pepco Energy will install over $6.6 million of energy efficiency improvements at thirty Florence County facilities that are guaranteed to save more than $432,000 annually and $7.6 million over the term, while also addressing critical infrastructure needs.

The installed energy efficiency measures include high efficiency lighting equipment such as LED lighting retrofits, water conservation measures, building envelope improvements, high efficiency domestic hot water heaters, boiler replacement, a water source heat pump system, demand control ventilation, a chiller plant optimization system, window film and high efficiency electrical transformers.

“This energy efficiency project required no upfront investment by the County, and based on the attractive rate at which the project was financed, will more than pay for itself over the term of the lease. In addition to the County obtaining new high efficiency equipment, we will also benefit from significant maintenance and other cost savings,” said Kevin Yokim, finance director of Florence County.

The project is expected to reduce Florence County’s energy usage by 20.7 percent relative to project baseline. After implementation of the ESPC project, the County will exceed the energy efficiency requirements established by South Carolina’s energy efficiency law, which set a goal of reducing energy usage for state agencies and public school districts by twenty percent by July 1, 2020 as compared to year 2000 levels. “Pepco Energy Services is pleased to have entered into a partnership with Florence County for this exciting and much needed project,” said Pam Maines, vice president of business development at Pepco Energy.

Overall, this project is expected to produce nearly 3.7 million kilowatt hours of electric savings, 14.4 thousand therms of natural gas and nearly 4.8 million gallons of water savings each year. The project will reduce the County’s carbon footprint by 7 million pounds annually, which is equivalent to the carbon-reducing performance of over 1,000 acres of trees.

For more information about Pepco Energy Services, please visit www.pepcoenergy.com. To inquire about how ESPC and other energy-related services may benefit your facilities and buildings, please contact Wayne Leahy, director of business development, at 609-221-1291 or via email at wleahy@pepcoenergy.com