Cherry Hill Board of Education

Transcription

1 Cherry Hill Board of Education ENERGY SAVINGS PLAN (ESP) PRESENTATION JANUARY 15, 2013 Presented By: Tom Xenakis, PE - Vice President, Commercial John Marchiafava, PE - Engineering Manager, Commercial 1

2 ESIP Self-Perform Process Energy Audit Energy Savings Plan ESP Adopted by BOE Third Party Verification Asbestos Survey Through LGEA 100% Free All District Facilities Developed by Consultant Paid Upfront by Owner District Goals BOE passes resolution to adopt ESP ESP posted on BPU Website Independent Review of Savings Calculations and Plan Requirements Review of Facilities involved in ESP Financing Decision Project Financed based on ESP Project Financing can also wait until Construction bids Design Engineering & Bid Engineering by Consultant Energy Savings ultimately cover the cost Construction Phase Managed by Owner or Construction Manager Cx / Third Party Verification Commissioning Owner Training Third Party Verification 2

3 CATEGORY OPTION 1 BASE SCOPE ESIP OPTION 2 FULL SCOPE ESIP Projected Utility Savings $253,329 $365,785 Total Utility Cost Reduction 10% 14.5% Estimated Project Cost $2.9 million $8.2 million Funding Self Funding over 15 years via Energy Savings * Current Annual District Utility Budget = Approx. $2.5 million Combination of Energy Savings & Budgeted Capital Dollars 3

4 Option 1 : Base Scope ESIP Lighting Upgrades and Occupancy Controls Computer Power Optimization Refrigerator Replacement Vending Miser Controls for Vending Machines Boiler Replacements Stockton, Cooper, Barton, HS West Jones Gym Domestic Boiler Replacement at Cooper Boiler Controls at HS East and HS West New Air-Cooled Electric Chiller at HS East (Already Executed) 4

5 Option 2 : Full Scope ESIP All of Option 1. Boiler Replacements (Included in Option 2) Kilmer, Stockton, Cooper, Johnson, Barclay, Barton, Paine, Knight, Sharp, Harte, Rosa, Beck, Carusi, HS West Jones Gym, Mann and Woodcrest Pony Boiler Installation at HS East Heating Hot Water Pump Replacement Excludes HS East, HS West, and Kingston DDC Controls Upgrade District Wide 5

6 Option 2 : Full Scope ESIP Cont d Additional Non-Energy Related Project Scope New HW Piping and Insulation Hydronic Specialties Domestic Backflow Preventers 6

7 Benefits of Option 2 : Full Scope ESIP Additional 4.5% Energy Savings from Option 1 Ability to provide major upgrades to aging infrastructure on an accelerated schedule New equipment will reduce maintenance requirements and expenses Consistency of manufacturers across District for equipment and controls Better buying power because of larger scale project Utilizing ESIP to maximize effectiveness of District Expenditures 7

8 Option 2 : Financing Strategies Cont d Strategy #1: Combination of 5 Year Capital and 15 Year ESIP Lease 5 Year Capital Lease of $ % Interest Rate 15 Year ESIP Lease of $ % Interest Rate Summary of Combination Lease Category Years 1 to 5 Years 6 to 15 Combined Annual P&I Payment: $1.3 million $ 365,000 Annual Savings: $ 383,785 $ 383,785* Net Required: $ 916,215 ($ 18,785)* BUDGET 8

9 Option 2 : Financing Strategies Strategy #2: 5 Year Capital 2.5% Interest Rate Financed Amount: $ 8.2 million Annual P&I Payment: $ 1.8 million Annual Savings: $ 383,785 $ 1.4 million BUDGET Savings of $1.2 million in interest compared to Strategy #1 After Year 5, savings are no longer obligated to the loan 9

10 ESP Implementation Responsibilities CHERRY HILL BOE ESIP SCOPE OF WORK Self Install by BOE Computer Power Optimization Refrigerator Replacement Vending Miser Controls Mechanical Prime Contractor Boiler Projects Boiler Controls DDC Controls HW Pump Replacements Non-Energy Related Project Scope Lighting Prime Contractor Lighting Upgrades Lighting Occupancy Controls 10

11 ESP Implementation Plan PROJECT SCHEDULE - ESIP PROCESS TIMELINE TASKS NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Energy Savings Plan (ESP) 11/16 Third Party Verification of ESP 2/26 ESP Adopted by BOE + Design Eng Award 1/15 Design Engineering 3/29 Bidding Period Financing Decision BOE Approves Award 4/30 Prior to 4/30 5/14 Construction Phase 11/1 Lighting Projects 8/30 Boiler Projects DDC Controls 10/11 10/18 Closeout Commissioning / Third Party Verification 11/29 11/29 * Self Install Work will be completed within Construction Phase. 11

12 Questions? 12