SANBORN – The Niagara-Wheatfield School Board gave the green light Wednesday to a $3.9 million energy conservation project that would make improvements in three school buildings – and end up paying for itself, officials said.
By a unanimous vote, the board authorized proceeding with an energy performance contract with the Siemens Corp. to come up with specifications for project bids. School Superintendent Daniel Ljiljanich said although Siemens did the project analysis, several energy contractors could be involved with the actual work.
The project would make energy improvements and repairs at the senior high school, Edward Town Middle School and Errick Road Elementary. The work includes energy-efficient lighting and a pool cover installed at the high school.
Officials offered this financial breakdown of the project:
The upfront cost is $2,538,325, and factoring in 4 percent interest, the cost grows to $3,887,431 over the term of the work.
However, with energy savings estimated at $3,301,855, building aid at $1,870,494 and rebates, incentives and escrow interest generating another $150,052, the project is expected to produce savings, with the 18-year cumulative net benefit expected to reach $1,434,970.
The project still requires a detailed energy audit and review by the state Department of Education, it was noted.
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