Ameresco Partners with Northeastern Wisconsin School District to Reduce
Energy Consumption and Enhance Student Quality of Life
$2.7 million Energy Savings Performance Contract expected to help reduce
Oconto Falls School District’s energy use by 23 percent
FRAMINGHAM, Mass. & OCONTO FALLS, Wis. -- December 04, 2012
Ameresco, Inc., (NYSE:AMRC), a leading energy efficiency and renewable energy
company, announced today that it has signed an Energy Savings Performance
Contract (ESPC) with Oconto Falls School District in northeastern Wisconsin.
The $2.7 million ESPC is expected to save the District over $137,000 in energy
and avoided operational costs annually through energy efficiency and
infrastructure upgrades at eight facilities.
Located just north of Green Bay, Wisconsin, the District includes six schools
and two district facilities. The Oconto Falls schools that will be upgraded
include Abrams Elementary School, Oconto Falls Elementary School, Washington
Middle School, New Path Charter School, the Falls Alternative Learning Site
(FALS), and Oconto Falls High School. Energy and operational upgrades will
also be performed at the District Office and the District’s bus garage.
“Opportunities to complete facility upgrades have all but disappeared with the
recent reduction in state funding. As a result, we invited Ameresco into our
facilities to identify savings opportunities when we realized there may be
additional opportunities to further improve our operating systems,” said David
Polashek, Superintendent of Oconto Falls School District. “Ameresco has worked
closely with our staff in developing a project that will reduce energy
consumption while improving the daily learning environments for students and
teachers alike. We were impressed with the creativity used to design this
project which used savings from avoided energy and maintenance costs, rather
than tap the District's capital fund to implement necessary building
improvements. An ESPC project with Ameresco makes this all possible.”
The ESPC is expected to help reduce the District’s energy use by over 23
percent through the duration of the 20-year contract via upgrades that include
lighting controls, water conservation retrofits, buildings envelope
enhancements, boiler plant upgrades, and domestic water heater replacement. In
addition to the energy savings facility improvement measures, the District
will receive future capital avoidance savings for a roof section replacement.
Under an ESPC, Ameresco guarantees the energy cost savings for the duration of
the contract. A portion of the projected savings are expected to repay the
upfront costs allowing Oconto Falls School District to take a practical
approach to reduce its energy consumption while working towards achieving
With guidance from the District’s financial consultant, the debt financing for
the energy project was completed simultaneously with a refinancing of other
District debt obligations that lowered the interest rate and reduced the
annual interest cost. The combined payment plan allowed the District to reduce
the current tax levy for debt.
“We are thrilled to assist Oconto Falls in moving forward to squeeze and
redirect every dollar possible back into their learning environment to fill
the gap left by current state funding program changes,” said Louis P.
Maltezos, Executive Vice President, Ameresco. “The bottom line is that the
District’s use of the State ESPC vehicle allows for Ameresco’s budget neutral
approach to both reduce their energy consumption and upgrade their
As part of the ESPC, Ameresco will handle design, construction, commissioning,
project management and measurement, and verification. The District will enjoy
guaranteed energy savings and significant infrastructure upgrades, improving
the facilities’ efficiency and students’ comfort. Ameresco has a long history
of partnering with schools, municipalities and non-commercial entities to
improve energy infrastructure and install energy efficient technologies. The
Ameresco team pioneered the ESPC financing model, making the budget-neutral
solution an increasingly popular option when modernizing a single facility or
providing a comprehensive campus-wide energy management system for customers
across North America.
About Ameresco, Inc.
Founded in 2000, Ameresco, Inc. (NYSE:AMRC) is a leading independent provider
of comprehensive services, energy efficiency, infrastructure upgrades, asset
sustainability and renewable energy solutions for facilities throughout North
America. Ameresco’s services include upgrades to a facility’s energy
infrastructure and the development, construction and operation of renewable
energy plants. Ameresco has successfully completed energy saving,
environmentally responsible projects with federal, state and local
governments, healthcare and educational institutions, housing authorities, and
commercial and industrial customers. With its corporate headquarters in
Framingham, MA, Ameresco provides local expertise through its 63 offices in 34
states and five Canadian provinces. Ameresco has more than 900 employees. For
more information, visit www.ameresco.com.
About Oconto Falls School District
Oconto Falls serves approximately 1,875 students and is located just north of
historic Green Bay, WI. Oconto Falls School District has identified itself as
one of the leaders in northeast Wisconsin. The Oconto Falls Schools have
produced numerous state champion athletes and teams, The District has also
received recognition for its FFA program and for their students of Fine Arts.
Recently, Mrs. JoAnn Miller, an Educator at the Oconto Falls High School,
received the distinction and award for the 2012 Wisconsin High School Teacher
of the Year and will be Wisconsin's representative in the National Teacher of
the Year selection process.
CarolAnn Hibbard, 508-661-2264
Press spacebar to pause and continue. Press esc to stop.