The report summarizes an exploratory study of the effectiveness and value of the Office of Public and Indian Housing’s (PIH) program on Energy Performance Contracting (EPC) that was conducted by staff of the Office of Policy Development and Research (PD&R). The researchers compiled and analyzed data from a questionnaire to public housing authority (PHA) staff, in-person interviews with PHA staff, inspections of EPC-installed improvements, a collection of executed EPC documents, and discussions with multiple participants in the field of energy performance contracting.