Honeywell launched a campus-wide energy retrofit project for Coe College in Cedar Rapids, Iowa, that is expected to decrease the college’s electricity use by 25 percent and natural gas use by almost 50 percent and deliver about $220,000 in guaranteed energy and operational savings each year.
Coe College will fund the $3.45-million project with a loan issued by the Iowa Economic Development Authority (IEDA) under its Energy Bank funding program, a resource available to public and non-profit entities to finance energy-efficiency improvements and renewable-energy projects. The low-interest-rate loan will help the college pay for the work without tapping into its capital budget. The savings the improvements generate, guaranteed by Honeywell through a 15-year energy savings performance contract (ESPC), should cover the project expenses.
Honeywell will implement a number of building management improvements in 16 facilities, including redesigning air-distribution systems and adding HVAC controls. Additional upgrades include: high-efficiency lighting and occupancy sensors; weatherization improvements to reduce the loss of conditioned air; and new plumbing fixtures to cut water waste.
Construction will begin in late May and is expected to last 12 months. Honeywell will work with local contractors to complete most of the upgrades.