Energy-Efficient Buildings Save $1 Million For N.J. School District
August 26, 2014
Honeywell Building Solution is leading an energy savings improvement program for New Jersey-based Hillsborough Township Public Schools to help boost energy efficiency, reliability and comfort in the district’s facilities. When complete, the upgrades are expected to reduce the school district’s annual operating costs by approximately $1 million, while promoting a better learning environment for students and faculty.
The district will fund the program with a $1.7-million rebate available through “Pay for Performance,” a component of New Jersey’s Clean Energy Program that provides incentives for implementing whole-building energy improvements, along with a $15-million energy performance contract with Honeywell. The performance contract enables Hillsborough Township school district to address certain building infrastructure needs using the annual energy cost savings that result from the improvements. The savings are guaranteed by Honeywell, which allows the school district to tackle the work without additional capital funds or taxpayer dollars.
“It’s a challenge for school districts like ours to budget for facility needs,” said Dr. Jorden Schiff, superintendent of Hillsborough Township Public Schools. “We want our resources directed to students, but realize the physical space is extremely important. With this program we don’t have to choose between student-focused initiatives and more modern buildings.”
Read the press release for more information.