Flemington Raritan Regional School District; Energy Saving Improvement Program (ESIP)

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Hector Ramsey
5 years ago
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Presenters: Jon Zeller, Account Executive Ryan Thordson, Manager

1 Flemington Raritan Regional School District; Energy Saving Improvement Program (ESIP) ESIP Energy Savings Plan June 11, 2012 Presenters: Jon Zeller, Account Executive Ryan Thordson, Manager Project Development Elias Badin, Project Development Engineer; P.E; C.E.M; LEED A.P.

2 Presentation Outline ESIP Overview Investment Grade Energy Audit (IGEA) Energy Savings Plan: Energy Conservation Measures (ECMs) Project Financials Project Pro Forma Next Steps: ESIP Project Process 2

3 Energy Saving Improvement Program (ESIP) Overview

4 Energy Saving Improvement Program (ESIP) A1185/S1537 NJ Legislation that Allows Districts to Utilize Energy Savings from Existing Operating Budgets to Finance District Improvements District can Make Energy Related, CAPITAL Improvements to their Facilities and Pay for the Costs Using the Value of Energy Savings Resulting from the Improvements Uses the Energy Savings Found within District Facilities to Selffund Improvements and Repairs to Campus Infrastructure without Using Funds that could Better be Used for other Priorities Requires NO Capital outlay from the District to implement, and is 100% budget neutral the savings generated from reduced energy use from the program will be sufficient to cover the cost of the program s energy conservation measures as set forth in an energy savings plan. (A1185 ACS 1R) 4

5 ESIP: Typical Energy Conservation Measures (ECMs) ESIP Energy Equity The FRRSD can make energy related, Capital improvements to its facilities and pay for the costs using the value of energy savings resulting from the Improvements: Energy efficient HVAC equipment and systems Variable Frequency Drives, Premium Efficiency Motors, Unit Vent Replacements, energy efficient hot water heaters, etc Enhanced energy efficient lighting and lighting control systems Boiler plant upgrades and replacements Cooling system upgrades Energy management control systems Building envelope improvements Energy and fuel source optimization IT Efficiencies 5

6 ESIP Financing Models Savings Can be Financed out 15 years (20 Years for projects that include Combined Heat & Power (CHP) solutions) by a BOE utilizing: Third-party Tax Exempt Lease Purchase (TELP) Financing Arrangements Public solicitation to select most competitive Lender No added costs for issuance No pre-approval requirements or project implementation delays Competitive rates Issuance of Energy Savings Obligations or Re-funded Bonds Potentially longer process Local Finance Board approval required Added costs of issuance Potentially lower rates outside issuance costs 6

7 Investment Grade Energy Audit (IGEA) Energy Savings Plan: Energy Conservation Measures (ECMs)

8 Energy Savings Plan: Energy Conservation Measures by School ECM Implementation Summary Per FRRSD Facility J. P Case Middle RFIS Robert Hunter Barley Sheaf Copper Hill Francis A. Desmares Lighting System Improvements Exterior Lighting Improvements Lighting Controls New Energy Management Systems Weatherization/Infiltration Reductions Vending Machine Controllers Variable Frequency Drives Computer Load Management Premium Efficiency Motors High Efficiency Transformers Destratification Fans Boiler Replacement Unit Ventilator Replacement Chiller Replacements Domestic Hot Water Heater Replacement Electric to Hot Water Conversion Green Print 8

9 Energy Conservation Measures (ECMs) 1. Lighting System Improvements a) Interior lighting systems b) Exterior lighting improvements 2. Lighting Controls a) Dual technology occupancy sensors b) Daylight harvesting 9

10 Energy Conservation Measures (ECMs) 3. New Energy Management System a) Web-based District wide system b) All major HVAC equipment controlled 4. Weatherization/Infiltration Reductions a) Exterior door weather stripping b) Window and exterior wall air sealing c) Roof wall interface d) Included at RFIS, Copper and Sheaf schools 10

11 Energy Conservation Measures (ECMs) 5. Vending Machine Controls a. 11 Soft drink machines b. 4 Snack machines 6. Variable Frequency Drives a. Installed on RFIS heating hot water pumps 11

12 Energy Conservation Measures (ECMs) 7. Computer Load Management a. District-wide computer power management software b. 935 computers 8. Premium Efficiency Motors a. 37 new motors 12

13 Energy Conservation Measures (ECMs) 9. High Efficiency Transformers a. 17 new low voltage transformers 10. Destratification Fans a) 30 new fans install at Case, Copper, Hunter and Sheaf Schools b) Installed in gymnasiums and cafeterias 13

14 Energy Conservation Measures (ECMs) 11. Boiler Replacements a. Proposed boiler replacements at RFIS and Sheaf. 12. Unit Ventilator Replacements a. Proposed replacement of all 49 units at Copper Hill 14

15 Energy Conservation Measures (ECMs) 13. Chiller Replacements a. Main Office chiller at Sheaf 14. Domestic Hot Water Heater Replacement a. Replace two units at Desmares 15

16 Energy Conservation Measures (ECMs) 15. Electric to Hot Water Conversion a. Replace Library electric coil with hot water coil 16. Green Print Software a. District-wide software to control and reduce ink, toner and paper consumption 16

17 Project Financials Project Pro Forma

18 Energy Conservation Measures (ECMs) Measure Name Measure Costs Annual Savings Simple Payback (years) 1 Lighting System Improvements (Int./Ext.) $ 1,040,566 $ 126, Lighting Controls $ 62,791 $ 6, New Energy Management Systems $ 396,887 $ 116, Weatherization/Infiltration Reductions $ 69,143 $ 8, Vending Machine Controllers $ 5,527 $ 3, Variable Frequency Drives $ 40,929 $ 6, Computer Load Management $ 17,808 $ 20, Premium Efficiency Motors $ 91,546 $ 8, High Efficiency Transformers $ 233,148 $ 19, Destratification Fans $ 84,543 $ 7, Boiler Replacements $ 791,343 $ 5, Unit Ventilator Replacements $ 1,717,648 $ 4, Chiller Replacements $ 113,131 $ Domestic Hot Water Heater Replacement $ 30,484 $ Electric to Hot Water Conversion $ 86,130 $ 3, Green Print $ 38,550 $ 17, Totals: $ 4,820,174 $ 355,

19 Project Financial Pro Forma Initial Project Costs: Financial Assumptions Term of Project {yrs} 15.0 yrs Implementation costs $ 4,820,174 Term of Financing {yrs} 15.0 yrs Total Initial Project Costs $ 4,820,174 Estimated Financing Rate 3.25% Estimated Initial Rebate Payments $ 66,783 Payments per year (frequency) 4 Customer contributions / Unassigned Rebates $ - Discount Rate 3.25% Funded Customer Costs $ 117,500 Net Project Costs $ 4,870,891 Project Simple Payback Pro-forma Year Initial Values Annual energy cost savings (1-2) $ 326,682 $ 333,986 $ 341,454 $ 349,089 $ 356,895 $ 364,876 $ 373,035 $ 381,377 $ 389,906 $ 398,626 $ 407,541 4a O&M Savings $ 29,103 $ 29,976 $ 30,875 $ 31,802 $ 32,756 $ 33,738 $ 34,750 $ 35,793 $ 36,867 $ 37,973 $ 39,112 4b Avoided Capital $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - 4c Estimated Additional Rebate Payments $ 207,979 $ 144,499 5 Total Project Savings $ 355,785 $ 571,941 $ 516,828 $ 380,891 $ 389,651 $ 398,614 $ 407,786 $ 417,170 $ 426,773 $ 436,599 $ 446,653 6 Payments for financing equipment $ 553,121 $ 497,459 $ 360,955 $ 369,132 $ 377,494 $ 386,047 $ 394,795 $ 403,741 $ 412,891 $ 422,249 7 Payments for Ongoing Services $ 18,323 $ 18,873 $ 19,439 $ 20,022 $ 20,623 $ 21,241 $ 21,879 $ 22,535 $ 23,211 $ 23,907 7a Payments for Maintenance Services $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - 8 Net annual benefits $ 497 $ 497 $ 497 $ 497 $ 497 $ 497 $ 497 $ 497 $ 497 $ Cumulative cash flow $ 7,455 $ 497 $ 994 $ 1,491 $ 1,988 $ 2,485 $ 2,982 $ 3,479 $ 3,976 $ 4,473 $ 4, Net Present Value of cash flow $ 5, Interest Rate 3.25% 12 Discount Rate 3.25% Line # Totals 3 $ 416,656 $ 425,974 $ 435,502 $ 445,243 $ 455,202 $ 5,875,362 4a $ 40,285 $ 41,494 $ 42,739 $ 44,021 $ 45,341 $ 557,521 4b $ - $ - $ - $ - $ - $ - 5 $ 456,941 $ 467,468 $ 478,240 $ 489,263 $ 500,543 $ 6,785,361 6 $ 431,819 $ 441,608 $ 451,619 $ 461,859 $ 472,331 $ 6,437,120 7 $ 24,624 $ 25,363 $ 26,124 $ 26,908 $ 27,715 $ 340,786 7a $ - $ - $ - $ - $ - $ - 8 $ 497 $ 497 $ 497 $ 497 $ 497 $ 7,455 9 $ 5,467 $ 5,964 $ 6,461 $ 6,958 $ 7,

20 Next Steps: ESIP Project Process

21 Next Steps: All Energy Saving Plan (ESP) project savings calculations are independently verified by 3 rd party firm FRRSD officially adopts the final scope-of-work as the District s ESP ESP is submitted to NJ BPU for record and posted to District website FRRSD and Ameresco Execute an Energy Services Agreement (ESA) for project implementation/construction FRRSD executes Financing Agreement for preferred project funding source Pay-for Performance Energy Reduction Plan (ERP) completed, submitted, and approved by NJ BPU Ameresco builds the defined project in accordance to FRRSD public procurement requirements Local contractors encouraged to participate in project construction Project commissioning, verification, and training for District personnel 21

Thank You Jonathan Zeller Account Executive 125 Half Mile Road Suite 200 Red Bank, NJ 07701 Mobile:(484)

22 Thank You Jonathan Zeller Account Executive 125 Half Mile Road Suite 200 Red Bank, NJ Mobile:(484) To view Ameresco project videos, please visit ge/video-library

Awards and Recognitions 2010 Association of Energy Engineer (NE) Energy Project Awards - Performance Contract of the Year (Public) The City of Revere -

- Performance Contract of the Year (Public) Honorable Mention for The Lynn Housing Authority and Neighborhood Development -Business Achievement: Growth

the Jefferson City, Missouri, Energy Asset (LFG) Project - Project of the Year for the Ox Mountain CA Sanitary Landfill project in Half Moon Bay,

customer service, technical expertise, and savings generated Landfill Gas Project by Ameresco 2004 EPA Energy Partner of the Year 2007, 2004, and 2003 EPA

ASHRE: Outstanding HVAC Achievement Toronto City Hall: First place ASHRAE Award Mount Sinai Hospital: First place ASHRAE Award Liquor Control Board of

23 Awards and Recognitions 2010 Association of Energy Engineer (NE) Energy Project Awards - Performance Contract of the Year (Public) The City of Revere - Renewable Energy Project of the Year The City of Lowell. - Performance Contract of the Year (Public) Honorable Mention for The Lynn Housing Authority and Neighborhood Development -Business Achievement: Growth for 2010, Silver, Climate Change Business Journal The New England Clean Energy Council, Employer of the Year 2010 US EPA - Project of the Year for the Jefferson City, Missouri, Energy Asset (LFG) Project - Project of the Year for the Ox Mountain CA Sanitary Landfill project in Half Moon Bay, California, Energy Asset (LFG) Project Best Project of 2004 Association of SC Energy Managers "New Contractor of the Year" award, based on performance, customer service, technical expertise, and savings generated Landfill Gas Project by Ameresco 2004 EPA Energy Partner of the Year 2007, 2004, and 2003 EPA Industry Partner of the Year Chiller plant awarded Energy Project of the Year Outstanding achievement in lighting design Veterans Hospital Richmond, VA ASHRE: Outstanding HVAC Achievement Toronto City Hall: First place ASHRAE Award Mount Sinai Hospital: First place ASHRAE Award Liquor Control Board of Ottawa: First place ASHRAE Award Hughes Danbury Optical Systems: First Place Technology Award Ameresco s Landfill Gas Project with BMW: 2005 EPA Green Star Award 2003 Governor s Excellence Award 2003 EPA Project of the Year Award 2003 EPA and DOE Green Power Leadership Award 23

World Bank Presentation

World Bank Presentation State Energy Office Revolving Loan Programs Washington, D.C. February 20, 2008 Bill Nesmith National Association of State Energy Officials Loan Program Design Considerations Loan