City of Lafayette funded $1,200,000 of capital improvements without using their capital budget.
By using money saved from energy and water efficiency improvements, the City of Grand Junction was able to self-fund an entire guaranteed energy savings performance contract (GESPC). Trident worked with the City to ensure the successful implementation of the project and help keep the project within the confines of the available budget. Trident conducted site visits to present the GESPC process to senior level decision makers, acted as a liaison between the City and the Energy Service Company, assisted with proposal preparation, reviewed technical energy audits, and assisted with the monitoring and verification stage.
Improvements were made at 18 buildings and facilities including energy and water conservation measures such as: lighting retrofits, HVAC upgrades, insulation, and solar photovoltaic installation at the Two Rivers Convention Center. The project cost $2,000,000 and the City received $99,000 in utility incentives, $225,000 in miscellaneous grants, and used bond financing to cover the remaining balance. Savings from improved water and energy use are expected to reduce the City’s annual utility costs by 20%
At an event to celebrate the successful completion of the project, Mayor Bruce Hill stated, “In 2007 City Council passed a resolution committing to energy conservation efforts whenever and wherever feasible in City of Grand Junction facilities. Today’s event marks a very important milestone in that commitment. I am proud of what this organization has accomplished so far and I am excited to see where we can go from here.”