GreenerMass

Following the success of a pilot program launched in 2013, GreenerU has again developed an “energy-efficiency supply contract” called GreenerMass that requires no upfront capital from participating institutions.

Private colleges and universities, independent schools, community health centers, and other nonprofits located in the Commonwealth of Massachusetts are invited to take advantage of this opportunity to make energy efficiency improvements to their facilities with no upfront cost. Program participants pay only a portion of the verified delivered energy savings over a performance period of up to seven years. After the performance period, the participating institution keeps 100% of the savings. Not only do participating institutions see positive cash flow throughout the project lifecycle; they will get that cash flow with no risk of a savings shortfall. If savings are less than anticipated, participants pay less.

Types of projects

A range of energy-efficiency projects can be implemented under GreenerMass. Some of the most common projects include installing efficient LED lighting, occupancy sensors and controls, a variety of building automation system improvements, boiler economizers, variable frequency drive installations, laboratory efficiency measures, and more.

Participating institutions will continue to benefit from significant cost savings resulting from reduced energy use well beyond the seven-year performative and payment period of the program.

How it works

• Institutions should submit a GreenerMass application to GreenerU, a turnkey energy solutions provider.
• GreenerU will perform a quick credit check to pre-qualify institutions.
• GreenerU will work with your institution to define a set of projects that meet your needs and fit within the program criteria.
• If approved, your institution will enter into a no-cost project development agreement with GreenerU.
• Working with institutional stakeholders, we will develop a proposal that includes a scope description and anticipated energy savings, as well as how they will be verified.
• Your institution will enter into an “Energy Efficiency Supply Agreement” with GreenerMass LLC, a subsidiary of GreenerU.
• GreenerU will design and implement the project.
• Your institution will begin saving on energy costs immediately, paying an agreed-upon percentage of verified energy savings to GreenerMass.
• GreenerU will measure and verify savings and provide support to ensure that implemented measures continue to work properly throughout the contract term (typically seven years).
• After the contract term is complete, the institution will benefit from 100% of the energy savings resulting from energy conservation measures implemented.

Background

In 2013, GreenerU, Inc. collaborated with and MassDevelopment to create a program called Mass College Green. The goals were to provide an affordable option for a select group of Massachusetts colleges and universities to reduce energy consumption and fuel costs without requiring the schools to provide upfront capital, and without risk to the school.

The program covered the costs associated with implementing energy conservation measures, as well as all project development costs, engineering, project management, commissioning, and five years of maintenance, performance monitoring, and verification. Participating schools paid only for delivered energy efficiency for the duration of the five-year contract. After the performance period, all savings accrue directly to the participating school.

Mass College Green kicked off in 2013. Five Massachusetts institutions participated in the program: Dean College, Hampshire College, Lesley University, Mount Holyoke College, and Nichols College.

Based on the success of that program, GreenerU and MassDevelopment have launched a similar program, GreenerMass, to reach a broader audience. In addition to colleges and universities, independent schools, community health centers, and other nonprofits located in the Commonwealth are eligible to participate in GreenerMass.

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Contact us to explore your institution’s eligibility for GreenerMass and start saving on energy bills today.