Honeywell announced it is helping Taylor School District in Taylor, Mich., improve school facilities and infrastructure, and save more than $550,000 in annual energy and operating costs. The $14 million energy conservation and building modernization program, which is partially backed by American Recovery and Reinvestment Act (ARRA) funds, will enable the district to address deferred maintenance, and boost the comfort and safety of students and staff.
The district will use savings from the program, which are guaranteed through a performance contract with Honeywell, to pay for the upgrades. As a result, the work should not increase operating budgets or require additional taxpayer dollars. The district is also using an ARRA-supported Qualified School Construction Bond (QSCB), which provides a low-interest, 15-year loan for the program. This financing tool allowed the district to invest most of the savings in building and technology upgrades, maximizing the program’s scope and impact.
“Most of our facilities had not gone through a major renovation in more than two decades,” said Beth Iverson, superintendent of Taylor School District. “And, like many districts in Michigan, we didn’t have the resources to properly maintain existing systems, let alone install new equipment. By working with Honeywell and leveraging energy savings to pay for needed improvements, we’re able to give our students the learning environment they deserve.”
For more information, read the press release.
