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Energy contractor urges 20‑year payback allowance for school performance contracts to enable bigger upgrades
Summary
An energy‑services firm told the Senate Education Committee on April 11 that increasing the allowable payback term for school energy savings performance contracts from 10 to 20 years would let districts finance larger, combined upgrades that address deferred maintenance without raising local taxes.
An energy‑services representative told the Senate Education Committee on April 11 that increasing Vermont's statutory payback threshold for energy savings performance contracts from 10 to 20 years would allow more K–12 capital improvements without raising local tax costs.
Eric Lafayette, product developer with Energy Efficient Investments, described performance contracting as a turnkey option that provides no‑cost upfront audits, helps districts select energy conservation measures and can tie payments to guaranteed energy savings. "Performance contracting makes schools more efficient, costs less to operate and reduces the state's overall carbon footprint," Lafayette said, citing work with multiple Vermont districts.
Lafayette gave examples: in…
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