As part of its first K-12 project in Mississippi, Ameresco will implement measures to increase energy efficiency and upgrade important facility systems on a budget-neutral basis, which will in turn save energy, reduce costs and reduce the School District’s carbon footprint.
The company has guaranteed $90,470 in energy savings for the first year of the twelve-year program.
The performance contract has received stimulus funding from American Reinvestment and Recovery Act (ARRA) for 25% of total costs, and the other 75% being funded through a tax-exempt lease and paid for out of guaranteed energy savings.
The project will receive some additional incentive funds from the local utility which includes $200 per kW saved for lighting and HVAC installations.
In order to leverage state and federal incentives, Ameresco and experts at the State of Mississippi Development Authority’s Energy Office provided valuable assistance to MCSD by helping to administer the paperwork associated with ARRA requirements, the company said.
Six schools and facilities in Monroe County will undergo renovations and retrofits to improve energy and operational efficiency for the District.
