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Energy contractor reports year-three savings exceeded guarantee; district financed $3.87M project with guaranteed savings
Summary
A contractor gave the board a year-three performance update on a 19-year energy-savings partnership. Year three guaranteed savings were $247,160 and the district realized $248,161; the original project cost was $3,870,000 and the contractor guarantees annual savings over 19 years.
Representatives of the district’s energy-performance partnership presented a year-three performance update to the board on April 1.
The presenter said the district’s energy-savings guarantee for year three was $247,160 and that measured performance produced $248,161 — roughly $1,000 above the guarantee. The district began the guarantee period in August 2021 under a 19-year agreement tied to a capital project whose original cost was…
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