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