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Cheshire council approves expansion of energy performance contract to $55 million to fund school and town upgrades
Summary
Council approved amending the town's energy performance contract to a $55 million scope covering 17 energy conservation measures across 16 school and town buildings; presenters said grants, tax credits and guaranteed savings would cover financing and produce about $2.3M in annual savings over the contract term.
The Town of Cheshire on April 23 approved an amendment to expand its energy performance contract (EPC2) to cover up to $55,000,000 in facility improvement measures across town and school buildings, after a detailed presentation outlining scope, financing and timelines.
Presenters for the owners’ representative and the energy service company told the council the package includes 17 energy conservation measures (ECMs) — solar arrays, fuel cells, window and roof replacement, HVAC upgrades and energy-management systems — spread across 16 buildings. They said the…
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