Written by: Leonard Parker | Solar News | 15th July
The City of Arvada, Colo. completed an energy conservation and renewable energy project financed by a $4.5 million Energy Savings Performance Contract (ESPC). Improvements were made across the city to guarantees energy cost savings and reduce overall energy usage.
Project details: The city selected Ameresco in 2018 to implement a number of energy savings measures and infrastructure improvements. A total of 15 facilities were refurbished and significant upgrades made to those facilities’ building envelopes, lighting and plumbing systems. The HVAC systems at Arvada’s City Hall and Center for Performing Arts were updated, as well. Additionally, PV systems were installed at five facilities.
Energy procurement optimization strategies proved to help reduce utility costs. To see these upgrades to completion, the team utilized a budget neutral financing solution, together with a combination of internal city financing and a capital contribution by the city.
“We are thrilled to provide our innovative approach to energy conservation to the City of Arvada,” said Louis Maltezos, executive vice president of Ameresco. “Our goal throughout the entirety of the process was to implement clean technology solutions that simultaneously offered significant long-term cost savings and advanced the city’s passion for increased sustainability.”
Through its partnership with Ameresco for a smart approach to decarbonization, the City of Arvada is expected to see a 6% reduction in annual energy consumption, an 11% reduction in electrical demand and a 21% reduction in total utility costs. Construction on the City of Arvada’s facilities began in January 2020 and was completed in March of 2021.
“We are excited to have had the opportunity to work closely with Ameresco on this project and further demonstrate our commitment to implementing renewable energy solutions,” said Kim Vagher, facilities division manager, City of Arvada.Tags: Amersco, Arvada, Colorado