How Capitol Region Education Council (CREC) Funded over $11 Million in Energy Efficient Construction with No Out-of-Pocket Costs

PRESENTERS:
Douglas Rogers, Construction and Facilities Director of Capitol Region Education Council (CREC)
Kendra McQuilton, Chief Executive Officer, Energia
Aldo Mazzaferro, CEM, CEA, Director of Technical Services of Energia

Hosted On:
July 22, 2020 at 10:00 AM

Description:

During this webinar, we focused on how to fund critical infrastructure improvements, with ZERO out-of-pocket costs, using guaranteed energy savings as the funding source. We shared how CREC is mitigating the impact of COVID-19 budget cuts, and is funding over $11.6 million worth of critical infrastructure improvements.

We showed you why Energy Savings Performance Contract (ESPC) work so well during the COVID-19 era by reducing energy costs by an average of 30%, converting energy waste into a large funding source, lowering future bond sizes and reducing operating and capital costs.