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District 11 to further study energy-performance contract after audit shows potential multi-million-dollar savings
Summary
Schneider Electric presented an investment-grade audit showing an estimated $1.5 million annual energy savings and a 20-year projected savings of about $46million guaranteed; the board asked staff to return in August with financing and implementation options.
District 11 staff and Schneider Electric presented an investment-grade energy assessment and a draft energy performance contract (EPC) at the June 11 board meeting. Schneider's team said the package would allow the district to install roughly $25 million in energy-efficiency and building upgrades within about 12 months and to fund those improvements from the guaranteed energy savings.
Key items Schneider highlighted included LED lighting upgrades, building automation systems, HVAC improvements at targeted campuses, and service to maintain performance. Schneider estimated first-year utility savings at roughly $1.5 million and projected total…
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