Download - Creative Sources of Funding - Augustine Pimentel, NSTAR

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Page 1: Creative Sources of Funding - Augustine Pimentel, NSTAR

Direct Install Program

Augie Pimentel

Page 2: Creative Sources of Funding - Augustine Pimentel, NSTAR

Small Business, Direct Install Program

• Turnkey retrofit services for the small business owner < 300 kW– Dedicated vendors selected from a competitive

bid process– Includes a free energy audit, identification of

energy efficient opportunities (lighting, lighting controls, motors, refrigeration and gas measures), direct installation, and paperwork filled out by vendor.

• Financial Incentives– 70% of total project cost – 12-month 0% Off-Bill Financing

Page 3: Creative Sources of Funding - Augustine Pimentel, NSTAR

Rivers School Case Study

• Ice Rink and Student Fitness Facility• Performed lighting upgrades• 130,550 kWh saved annually or• $17,000 saved per year • .7 year payback