Reporter Michelle Provencher has more...
Conserving energy AND money were the motives behind Red Clay School Board's move to modernize heating, cooling, electric and water systems throughout the district.
The $20 million project won't add a dime to the budget, though. That's thanks to a 20-year bond issued by the Delaware Sustainable Energy Utility. The thousands of dollars in yearly energy savings will go toward paying Seiberlich Trane, the company chosen to install the building upgrades.
But what if these innovations don't put a dent in utility bills? Assistant Superintendent of District Operations Ted Ammann has an answer.
"They guarantee that we'll save enough to make the payments, and if for whatever reason the energy savings don't come to pass, Seiberlich Trane would be making up the difference between the expected savings and the actual savings. So there would be no impact to the taxpayers."
Last year the DSE issued bonds to the Department of Corrections and Delaware State to pay for conservation projects.
I'm Michelle Provencher, WDEL News.
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