Washington Holdings, part owner of One Union Square, focuses on energy efficiency, while delivering an exceptional space to tenants. Pay for Performance (P4P), the Seattle City Light program launched in April 2013, was a natural fit for the company and their sustainability efforts.
P4P provided One Union Square with the flexibility to implement all the high-value, high-return projects they had planned—and then paid annual incentives based on the building’s actual energy use. The measures One Union Square implemented made a noticeable difference: over the threeyear period of the pilot program, they reduced their consumption by an impressive 18%. The company hopes their successful P4P experience inspires other customers to promote energy efficiency in their own buildings.
Seattle City Light paid a total of $720,000 in incentives to One Union Square during the program.
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