Data-driven M&V to Support New Financing Possibilities
Third-party financing models like energy services agreements can help attract capital to building efficiency retrofits – but only if financiers can trust the savings projections on which the projects depend. Inspiring that trust will require accepted measurement and verification (M&V) protocols and a new level of information and analytics on which to base the projections.
Today’s building technologies make it possible to gather baseline energy data electronically and accurately project the impacts of energy efficiency improvements. Automated tools can make M&V less costly, as well as more accurate and technically sound – and thus make retrofit projects more appealing to financiers. Advantages of automated M&V include:
Greater transparency to all parties involved
Easy compliance with accepted M&V standards and protocols
More consistent results than with manual methods
Scalability of approach in multiple projects and settings
By inspiring more trust in savings predictions, automated M&V technologies can help remove long-standing financial barriers to investments in energy efficiency improvements worldwide.