Commercial, Energy Efficiency - July 15, 2020
Cornell College cuts energy use 20% with efficiency upgrades
Cornell College in Mount Vernon, Iowa, expects to reduce their energy use by 20% through a series of energy efficiency projects implemented this year.
The campus received installations of high-efficiency boilers and efficient LED lighting in addition to replacing over 150 windows to more efficient versions. The project is part of a $5.9 million infrastructure improvement plan implemented by Johnson Controls.
Cornell College will repay Johnson Controls for the renovations based on measured and verified results through a funding structure known as contingent payment funding, ensured through a guarantee that the upgrades will produce savings to the college.
“We’re proud of the progress made by our dedicated crews on campus,” Aaron Rittenhouse, Midwest Program Leader for Johnson Controls, said in a statement. “As we complete the scope of work for this project, funding through a Contingent Payment Program from Johnson Controls will improve building efficiencies without impacting existing debt covenants and credit ratings. This directly supports the performance of students, faculty and staff by providing safer and more comfortable environments. We look forward to future innovative projects with Cornell College.”
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