Entegrity, Northark Sign $1.7 Million Energy Performance Contract
On May 17, North Arkansas College and Entegrity Energy Partners of Little Rock, AR agreed to a $1.7 million energy performance contract through the Arkansas Energy Performance Contracting Program. The project, expected to provide over $5 million in economic impact to the Harrison economy, will feature efficient LED lighting technology, replacement of HVAC equipment, water conservation upgrades, and replacement of critical roofing infrastructure.
The energy performance contract will have a 15-year payback and is fully funded by guaranteed energy savings. North Arkansas College will be able to finance the project through annual savings now being spent on utility and maintenance costs.
”The costs savings generated through this program and the quality services of Entegrity Energy Partners, not only provided for the reduction of energy consumption and operational efficiency, but afforded the means to address critical deferred maintenance projects that would not have been possible otherwise,” said Don Sugg, CFO of North Arkansas College.
North Arkansas College and Entegrity worked hand in hand with the Arkansas Energy Office (AEO) to develop the project. AEO offers assistance to state agencies, institutions of higher learning, municipalities and counties through its seven-step energy performance contracting program.
“This project, under the oversight of the Arkansas Energy Office and Program Manager Chet Howland, was very easy to implement due to clear and concise program procedures and step-by-step guidelines,” continued Sugg. “The AEPC Program delivers with ongoing energy conservation, continuing costs savings and immediate facility improvements, a triple win situation.”