Free Report Helps Schools Finance Energy Upgrades
Researchers Merrian Borgeson and Mark Zimring in Berkeley Lab’s Environmental Energy Technologies Division have released a guide for school district administrators focused on planning and financing energy upgrades.
The free guide Financing Energy Upgrades for K-12 School Districts is written explicitly for school administrators, facility managers and others in K-12 education management. It covers different options for public and private financing approaches, and contains numerous case studies of school district projects. The authors provide explanations of financial terms and mechanisms.
The money spent on energy for schools is their second-highest operating expenditure after personnel costs – more money than is spent on textbooks and computers combined, according to Borgeson.
Six case studies drawn from the experience of school districts around the US tell the stories of how district policymakers overcame obstacles, built consensus, and chose funding mechanisms for energy efficiency upgrades that were widely accepted by their districts’ stakeholders – parents, taxpayers and political leadership.
Williamson County School District in Tennessee, for example, entered into an energy savings performance contract with an energy services company and completed a $5.7 million lease-purchase agreement to fund a range of energy-related improvements across 27 school facilities. The lease-purchase agreement helped reduce the barrier of up-front costs of the upgrades, and re-financing a year later benefitted both the district and taxpayers. The project will pay for itself in six and a half years, and continue saving money for the district long after that time.
Douglas County School District in Nevada used a combination of financial mechanisms to fund $10.7 million in upgrades. It tapped into federal qualified school construction bonds, an American Recovery and Reinvestment Act grant, and voter-approved general obligation bonds to fund a range of equipment and facility improvements.
- 9 Ways to Reduce Energy Costs
- Environmental Leader Technology Reviews
- Guide to Energy, Carbon and Environmental Software
- 2013 Insider Knowledge
- Q4 2013 Sustainability Trends - The Logistics, Carbon and Business Data Book
- How "Fixed" is the Fixed Price Product?
- The Impact of a Changing Workforce on Facilities Management
- How to Automate the Collection & Delivery of Utility Billing Data
- The Business Case for Corporate Sustainability Tools
- Facilities & Maintenance Management Best Practices
- Smart Building Technology: The Key to Comprehensive Building Performance
- What Energy Managers Need to know about Procuring Natural Gas: Guidance for 2014 Natural Gas Contracts
- Energy Optimization from the Boiler Room to the Board Room
- Your Roadmap for Energy Management: First Stop – Myths & Realities of Energy Purchasing
- Control the Balance of Power: The Future of Intelligent Energy Systems