Press release:
The Town of Stratford, in partnership with the Connecticut Energy Efficiency Fund, announced today that it has secured $839,086 in incentive funds for an energy savings performance contract.
The $10 million project bundles a complete set of energy efficiency measures across 33 buildings within the town including the Stratford Town Hall, schools, water treatment facilities, office buildings, firehouses and the police station.
Through the Energy Conscious Blueprint and Energy Opportunities programs, the project will include lighting retrofits, water treatment plant upgrades, building envelope improvements, boiler replacements, roof replacements, photovoltaic (PV) panels, wind turbine systems, sustainability management systems and more.
“Stratford has been taking advantage of our programs in a limited, one at a time fashion over the past ten years, but performance contracting gathers all energy efficiency measures together,” said Richard W. Steeves, First Vice Chairperson, Energy Efficiency Board. “In the end, it is more cost-effective which allows Stratford to take on larger capital projects, and it’s our hope that other towns will make efforts to utilize this new integrated solution as we continue to improve Connecticut’s standing in energy efficiency leadership.”
With the performance-contracting model, energy-efficient facility improvements are paid for with the resulting utility savings. Over the 15-year contract term, the Town of Stratford will save a projected $9.9 million in energy savings.
“Reducing the town’s energy usage, and at the same time upgrading our energy infrastructure within our buildings is a win-win,” said Stratford Mayor John Harkins. “Municipalities must think outside of the box and take advantage of programs such as these to move forward in this economic climate.”
The project is expected to begin in February 2012.
Several towns in UI and CL&P service territories have expressed interest in performance contracting, but at this time, no other town has applied for incentive funds.
For more information, please call 1-877-WISE USE or visit www.CTEnergyInfo.com.