How Capitol Region Education Council (CREC) Funded over $11 Million in Energy Efficient Construction with No Out-of-Pocket Costs
Douglas Rogers, Construction and Facilities Director of Capitol Region Education Council (CREC)
Kendra McQuilton, Chief Executive Officer, ECG
Aldo Mazzaferro, CEM, CEA, Director of Technical Services of The ECG Group (ECG)
July 22, 2020 at 10:00 AM
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.