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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 $3,870,000, the presenter said.
Scope measures completed across the district included conversion to LED interior and exterior lighting, replacement of five boilers, variable-frequency drives on key equipment, replacement of a nonfunctional chiller and a noisy cooling tower at Southwest Elementary, domestic hot-water heaters and air-handler units, and building-automation-system optimization. The contractor representative said portions of the guaranteed savings have been used to repay the capital project and that any surplus shows as positive cash flow in the district’s utility budget lines.
The presenter cautioned that the guarantee increases annually because it assumes rising utility rates; if future measured savings fall short, the contractor would make up the difference under the guarantee. The presenters noted the district’s cumulative guaranteed savings put the district about $9,000 over guarantee through the first three years. They also highlighted environmental-equivalent impacts, such as the project’s estimated energy savings equating to planting acres of trees or removing vehicles from the road (presenter’s illustrative comparisons).
No formal board action was required at the meeting; the presentation concluded with an offer by the contractor to keep monitoring and to present updates.
