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YMCA and SBU Partner on Energy Efficiency
Sturgeon Bay Utilities is offering local business customers financial assistance to fund electrical energy efficiency upgrades through its Shared Savings program.
Sturgeon Bay Utilities recently partnered with the local YMCA to fund $47,000 in energy efficiency projects. $8,000 was provided through incentives for the completion of energy efficiency projects, and the remaining $39,000 was provided through the Shared Savings program. Under this program, the YMCA will repay the $39,000 from the energy savings that will result from the project.
The projects include new energy efficient lighting and occupancy controls for the YMCA’s two large gymnasiums and installation of variable frequency drives (VFDs) on two air handler units and a spa pump. The VFD project will save an estimated 55,408 kilowatt hours (kWh) annually. The lighting projects will save an estimated 88,519 kWh annually. The expected first-year energy cost savings for both projects is $10,575.
With funding provided by its nonprofit power supplier, WPPI Energy, Sturgeon Bay Utilities established the Shared Savings program to pay business customers upfront for up to five years of annual cost savings associated with energy efficiency projects. The advance payment will be used to cover the purchase and installation costs of the project. Customers then repay the funding in monthly installments on their utility bills. In most cases, the energy cost savings will be greater than the monthly repayments, resulting in a positive cash flow for the customer.
“Helping businesses save energy and money is good for the economic well-being of our community,” said Jim Stawicki, SBU General Manager. “Many businesses delay the replacement or improvement of inefficient equipment and building components because the initial purchase costs are perceived as an obstacle. The Shared Savings program helps our customers overcome initial cost barriers to making energy efficiency improvements in their facilities. Funding projects with advance savings can make these projects feasible for small businesses.”
Sturgeon Bay Utilities will continue to work with interested customers to identify eligible electrical energy-saving projects. For additional guidelines and eligibility requirements, contact Melissa Moren at 746-2820.
Jim Stawicki, General Manager of Sturgeon Bay Utilities, is shown here presenting a $47,000 check to Dan Powell, YMCA’s Executive Director, to fund a number of energy efficiency projects at the facility.