Posts tagged: greenermass
The GreenerMass deadline for the expenditure of remaining funds has been extended. This program offers capital for energy-efficiency projects requiring no up-front costs to institutions.
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GreenerMass helps the oldest continuously operating boarding school in New England undertake steps to keep its campus operating efficiently. Thanks to this program, the burden of funding first costs for energy-efficiency projects is alleviated.
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William James College, located in Newton, Mass., offers accredited mental health professional training programs, including a program that trains veterans training to treat other veterans. Financing building improvements through GreenerMass has made it possible to begin addressing issues with building comfort, improving the physical environment for students and educators.
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GreenerMass contract with Williams James College will allow GreenerU to replace an obsolete energy management system for the Newton-based private school for undergraduate and graduate degrees in psychology with no upfront cost. Program funds are still available for Massachusetts nonprofit institutions.
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In 2014, GreenerU worked with MassDevelopment to develop an energy services agreement program called Mass College Green, in which up-front financing was provided to pay for energy conservation measures. With no upfront capital investment, the college pays only for delivered energy savings over a five-year financing period and sees a net positive cash flow, resulting from energy cost savings. After the five-year payback period, the college will enjoy even greater cost benefits, realizing the entirety of the energy cost savings.
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