Building Energy Efficiency into East Providence’s New High School

Partner

City of East Providence

East-Providences-New-High-School

Challenge:

Effectively financing a major school construction project to lower costs for community residents.

Solution:

Integrated a $24 million loan from the Efficient Buildings Fund into the new school building project’s overall financing.

Results:

Energy conservation measures in the new, state-of-the-art high school are projected to save the City over 18.5 million kWh of electricity, and by financing the project through the Infrastructure Bank at below market interest rates, the City will save almost $1 million on debt service payments.