Energy Efficiency - August 3, 2021
Albright College Begins LED Retrofit
Albright College recently announced a new partnership that will allow it to implement a variety of energy conservation projects across its campus, including an LED lighting retrofit.
The Pennsylvania college will be working with Evolution Energy Partners on these upgrades, starting with LED upgrades as part of Phase 1. Albright expects to save more than $206,000, generate more than $38,000 in net positive cash flow and cut its carbon footprint by more than 3.4 million pounds of CO2 annually thanks to the lighting project.
The project was arranged using on-bill financing that will provide 100% of the project’s funding back in electric or gas bill saving through a deal with ENGIE Resources. EEP also secured over $25,000 in utility rebates and $60,000 nonprofit grants to fund the project.
The two organizations will continue to work together on future energy conservation projects.
“At Albright College, we are committed to environmental sustainability and we are thrilled to be partnering with Evolution Energy Partners to help us in our campus-wide sustainability efforts,” Albright President Jacquelyn S. Fetrow, Ph.D., said in a statement. “As an academic institution, conserving energy and developing green initiatives are not only critical to our operations, but to the overall educational experience of our students as well. Showing our students how critical environmentally sustainable strategies are and engaging them in that process is an important part of the academic journey.”
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