For Immediate Release
Jason Langbehn, Content Specialist, NECA
ECAP CREDENTRIALED BY THE ENVIRORNEMENTAL DEFENSE FUND AS INVESTOR CONFIDENCE PROJECT COMPLIANT SERVICE
BETHESDA, MD - December 23, 2014 -- The National Electrical Contractors Association’s (NECA) Energy Conservation and Performance (ECAP) platform has recently been credentialed as an Investor Confidence Project (ICP) compliant service provider by the Environmental Defense Fund, becoming one of only seven platforms to earn that designation.
NECA’s ECAP is designed to give project developers turnkey access to best practice surety and financing solutions for their energy efficiency and distributed generation projects. Through the platform, they can provide investment grade project performance guarantees and flexible project financing to clients using third-party insurance and project investors.
Working with numerous allied organizations, the ICP is enabling a marketplace for building owners, project developers, finance and energy service providers, insurers, utilities, and a growing number of public programs and utilities to carry out standardized energy efficiency projects.
The ICP is the definitive underwriting standard for these types of projects, according to Ramsay Stevens, one of the developers of ECAP. He says aligning with the Environmental Defense Fund to become credentialed with the ICP will give customers confidence that NECA ECAP users have designed their project according to the highest industry standards. The ICP requires that project developers conduct all required steps for baselining energy usage and predicting savings, and include specific plans as specified for commissioning, operations and maintenance, and measurement and verification.
The ICP defines a clear road-map from retrofit opportunity to reliable investor-ready energy efficiency. With a suite of commercial and multifamily energy performance protocols in place, ICP reduces transaction costs by assembling existing standards and practices into a consistent and transparent process that promotes efficiency markets by increasing confidence in energy efficiency as a demand-side resource.
“This is another step in the establishment of the energy retrofit market as a secure business opportunity for its participants,” Stevens says. “It’s a transformative relationship.”
For more information about ECAP, visit www.necaecap.com.
To learn more about ICP, visit www.eeperformance.org.
NECA is the voice of the $130 billion electrical construction industry that brings power, light, and communication technology to buildings and communities across the U.S. NECA contractors help customers achieve their goals for energy conservation, efficiency and renewable power. NECA’s national office and 119 local chapters advance the industry through advocacy, education, research and standards development. For more information, visit www.necanet.org.