Ameresco, Inc. (NYSE:AMRC), a leading energy efficiency and renewable energy company, today announced the completion of construction of an Energy Savings Performance Contract (ESPC) with Ohio’s Cloverleaf School District. The $1.2 million project, which included energy efficient infrastructure upgrades at four facilities, is expected to help the district save over $102,000 in energy and operational costs annually for the duration of the 15 year contract. No additional money was spent by the District on these upgrades. Ameresco provides a financial guarantee that the cost of the high efficiency equipment will be paid for over time through energy savings.
The ESPC focused on reducing the overall electrical and natural gas usage of the district through the installation of energy efficient technologies, as well as through implementing modern energy management practices with advanced automation technology. The four district facilities that received upgrades include Cloverleaf High School, Cloverleaf Middle School, Cloverleaf Recreation Center and the district’s transportation center and bus garage.
“In these tight fiscal times, we are always looking for the best solutions to enhance our facilities and the quality of student life without putting our budget under even more strain,” said Daryl Kubilus Jr., Superintendent, Cloverleaf Local School District. “We hired Ameresco based on its successful track record of working with schools and communities throughout the country, and we have been very pleased with the results of the partnership. The ESPC model has enabled us to implement wide-ranging energy and infrastructure upgrades that otherwise would have not been possible without the performance contracting.”
As part of the ESPC, Ameresco designed, implemented, and will now operate and monitor the following energy conservation measures throughout the four facilities for the District:
- Occupancy sensing light switches
- Lighting upgrades
- Building automation system upgrades and expansion
- Domestic hot water boiler replacements
- Heating hot water boiler replacements
- High efficiency boilers at all HVAC demand levels
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