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Board hears RLE energy-efficiency proposal with 0% financing and Eversource verification
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Summary
Representatives from RLE presented a reworked energy-efficiency plan showing improved cash-positive estimates and 0% financing of $95,000 over 84 months; board members asked about upfront costs, subcontracting, and future Eversource incentives; no formal vote was recorded.
Representatives from RLE presented April 7 on a proposal to install energy-efficiency measures including upgraded lighting, pipe insulation and aerators in partnership with Eversource. RLE reported the updated proposal was estimated to be $411 cash positive, improved from a previous $218 estimate, and described a 0% financing structure of $95,000 amortized over 84 months pending Eversource verification of incentives.
Board members asked practical questions about costs and implementation. Clark Stearns asked how much money would be required up front and confirmed that the quoted $95,000 would be financed at 0% over 84 months. Lisa LaBelle asked whether a future Eversource incentive could supersede this year's program and whether locking in incentives now might prevent access to better offers later. RLE said it serves as the general contractor and often subcontracts installation work; the minutes record that CCM recommended vendors for subcontracting.
The board did not record a formal vote on the RLE presentation at this meeting and directed staff to include the RLE proposal on the next meeting’s agenda for further consideration.