Ameresco, Inc. a leading energy efficiency and renewable energy company and the Junction City School District, today announced that the two have partnered for a $2.4 million, turnkey project under an Energy Savings Performance Contract (ESPC).
The contract aims to provide energy efficiency and infrastructure upgrades to four schools encompassing a total of over 365,000 square feet of space.
The project is expected to save the District 20% of its annual utility expense and vastly improve the learning environment for students and staff. Upgrades, including lighting, plumbing, mechanical and HVAC improvements, will be completed at the District schools.
Chris Meyer, facilities manager for Junction City School District, says these improvements will not only reduce energy costs but will allow the District staff to be more efficient from a maintenance standpoint.
“Modern, standardised fixtures won’t fail as often, and will be easier to maintain,” Meyer said. “And being able to monitor our (energy) systems remotely will be a big time-saver, as well as allow us to better serve our students and staff,” he added.
The energy upgrades will be funded by a range of sources. Ameresco is assisting the District with securing incentives, tax credits, loans and bonds, and has already helped the District in securing an SB1149 reimbursement of nearly $550,000 for the project, as well as Energy Trust of Oregon (ETO) incentives totaling around $70,000.
These funds will be combined with a low-interest Qualified Energy Conservation Bond (QECB) allocation and voter-approved bond dollars.
“Ameresco is pleased to partner with Junction City School District to provide efficient energy upgrades for the School District and to assist with financing measures,” said Louis Maltezos, executive vice president of Ameresco. “Utilising an ESPC, JCSD is proactively taking steps to enhance the physical learning environment for students and staff at their schools, with the additional benefit of an annual energy cost-savings of approximately 20%. This budget-neutral project not only provides energy efficient solutions, it also demonstrates the community’s commitment to environmental stewardship.”
Ameresco is working closely with the District’s bond committee following approval of their May 2016 improvement bond.
This collaboration allows the District to maximise the value of its bond dollars by utilising an ESPC. An ESPC sets a maximum implementation cost for the District, guarantees a minimum threshold for energy savings, and specifies required operational outcomes for the entire project.
As part of its contract, Ameresco is also responsible for engineering, installation, commissioning and verification of the project.
The project is expected to be completed in Fall 2018.