Opening of Proposals - WWTP Solar Guaranteed Energy Savings Contract Proj. No. 124-015 - Ameresco

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15 Energy Solutions For Every Need City of South Bend, IN RFQ Guaranteed Energy Savings Contract Department of Public Works calculations; historical data; etc. Solar PV systems will be modeled with Helioscope and/or PVsyst which will determine the solar production during a typical weather year based on local weather conditions, system configuration, and external factors such as shading or soiling from snow or dust. HVAC and lighting system savings are usually calculated with spreadsheet calculations where the change can be isolated and the system can be analyzed somewhat independently. The inputs into the calculations are based on existing and proposed equipment information, facility trends, and operating conditions that have been discussed and reviewed with the City. Based on the method of calculating and the potential for variation in savings, Ameresco will provide a percentage of the savings that will be guaranteed. The City is likely to see higher savings than the guaranteed amount. Stipulated Savings Stipulated, or Agreed-Upon savings are used sparingly, and only when the savings from a specific ECM have a high likelihood of occurring once installed, and where the cost to perform measurements of such ECM would exceed the amount of savings generated. In these situations, the calculations and supporting data are carefully reviewed with the owner to ensure that all parties understand the savings and agree that the ECM will result in the amount of savings that are calculated. Operational Savings Operational savings represents the maintenance costs reduction due to the implementation of the proposed ECMs. Existing maintenance costs can be determined from maintenance cost history provided by the City and/or current costs of existing system components. Future maintenance costs for proposed equipment are estimated based on lifespan of the equipment and currently available prices for the components. Ameresco generally does not include staff time in the non-utility savings as a decrease in workforce is not anticipated. We would work with the City, if they would like to include deferred maintenance savings, to determine the extent of these savings based on historical costs and the present costs to address these items. Operational savings are typically stipulated savings that will be agreed upon in the guaranteed savings agreement. Maximum Return Ameresco is able to maximize the return for our customers in several ways. First, we provide firm, turnkey pricing without changes orders to ensure that the price we proposal is the price the City will pay. Second, we guarantee savings to ensure the City sees the expected return. In addition, all savings including those above the guarantee belong to the City. Third, we evaluate and investigate available incentive opportunities ranging from utility incentives to tax credits to available grant programs that we will support the City in applying for. Financial Incentives | Maximizing Project Value Ameresco will follow all requirements for and subsequently apply for utility incentives or rebates on behalf of the Owner and payable to Owner, including the Inflation Reduction Act rebate. Ameresco stays abreast of federal and state grants, rebates, and incentives. Our staff quickly analyzes and disseminates information from pending and passed legislation. Additionally, we have regional staff who work closely with clients to assist in grant, incentives, and tax rebate applications. We have secured more than $330 million in grants, incentives, and rebates for projects throughout the country. For each of our projects, we research current utility rebates as well as local and federal grants to maximize financial benefits to the City. The incentives available will depend upon the final ECMs. We will review both the prescriptive and custom incentives made available by Indiana Michigan Power including for HVAC upgrades, new VFDs, lighting upgrades, occupancy sensors, etc. Ameresco will prepare and submit the required applications for utility incentives for applicable measures. While we are not a tax advisor and cannot legally apply for the Direct Pay investment tax credit from the Inflation Reduction Act, we will ensure that the City has the documentation needed