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Hamblen County board approves $343,200 industrial audit to pursue $5 million energy-efficiency loan
Summary
The Hamblen County Board of Education unanimously authorized a $343,200 industrial-grade energy audit to support an application for a proposed $5,000,000 state loan at 1.5% over 16 years; the superintendent said guaranteed savings should cover loan payments and could yield net savings over time.
The Hamblen County Board of Education voted unanimously to pay $343,200 for an industrial-grade energy audit that district leaders say is necessary to apply for state loan funding to finance energy-efficiency upgrades.
"The loan that we're requesting from the state is for $5,000,000 at 1.5% interest over a 16 year payout," the director said during his report, adding that the district expects guaranteed savings from the work. He…
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