For tenants
A new lease contract: EPTAEPTA literally means “Energy Performance Tenancy Agreementi” and is the lease with the rent reflecting the improvements realized and the consequent reduction in energy costs.
How EPTA works?
The refurbishment interventions made to the dwellings allow the residents to consume less energy and, therefore, to diminish the bill’s costs. Then ACERs can revise the rent and repay the investment undertaken for by leveraging on the energy savings, while for the tenants, the housing costs, made up of rent and bills, remain unchanged. One contract, two advantages: the investment will be recovered and the tenant will live in a high quality space without paying more.
At the end of the project the Energy Performance Tenancy Agreement will be presented to the tenants of private and public dwellings and the tenants will be involved in a capacity building process in order to achieve the energy performance target expected in the agreement.
For policy makers
EPC: The Energy Performance ContractThe EPC, the Energy Performance Contract, an agreement between beneficiary, in this case the ACERs, and supplier, such as an Energy Service Company (ESCo) in which the investments are repaid through the savings generated by increased energy efficiency of the housing.
The innovation of this instrument consists in the commitment to guarantee a minimum of savings gained through the refurbishment interventions, without which the investment would not be repayed.
The knowledge and application of this instrument is not yet adequately extended: for this reason LEMON foresees training and dissemination activities for regional and European policy makers and technicians.
For investors
Innovative and integrated financing modelsLEMON will mobilise investments combining ERDF funds, National Energy Efficiency Fund financing, the national incentive called “Conto Termico” and loans, and in particular it will charge part of the investment on the rents according to the reduced energy costs for the tenants. The use of two contractual “performance-oriented” tools, the ’EPC - Energy Performance Contract, and the EPTA - Energy Performance Tenancy Agreement, drives all actors involved in the energy refurbishment process (suppliers, managers, owners, tenants and builders) in order to achieve a targeted result in terms of energy performance and economic saving, guaranteeing the real sustainability and bankability of the investment.
The project aims to develop tools to fix terms and conditions between all the individuals involved