The Lisbon Reporter

WELCOME TO THE LISBON REPORTER. In an effort to keep our community informed of what is going on at local and Federal levels of government, we decided to create this on-line newspaper. It is our hope that this on-line newspaper will help you stay informed so that you can get involved and take action for the benefit of our ENTIRE community. Thank you for visiting and please check back frequently for information about what is happening in LISBON/LISBON FALLS, MAINE USA

Monday, October 6, 2014

Town of Lisbon and Lisbon School Department Self-Funding Energy Reduction Project

Town of Lisbon and Lisbon School Department

Self-Funding Energy Reduction Project

Purpose:

The Town of Lisbon and the Lisbon School Department have come together, to find a creative way to fund much needed infrastructure improvements to our facilities. Through research, it has been found that many municipalities and school departments have utilized performance contracting with great success.

Background:

In January, 2014, the Town of Lisbon and the Lisbon School Department selected SIEMENS Industries to complete a comprehensive energy audit. In May, SIEMENS provided recommendations and detailed calculations for Facility Improvement Measures for consideration.

Performance Contracting:

Performance Contracting is an agreement between a building owner (Lisbon) and an Energy Services Company (SIEMENS) that identifies, designs, and installs energy related improvements that pays for the new equipment over time and guarantees their performance.

Benefits of Project:

There are benefits for the both the municipality and school department:

· The project has 100% no risk to the Town or the school department, whereas, the risk of the project goes to SIEMENS,

The performance of installed equipment is guaranteed.

Meaning, the energy savings from the new boilers, insulation, controls, gas conversions and ventilation improvements pay for the project,

· Eliminates the need to go to tax payers to pay for the improvements,

· It is funded through a federally subsidized, Energy Conservation Lease Purchase, that saves the Town and the school department money over the term of the project; and,

· If the Town or the school department were to have a shortfall in savings on the project, then SIEMENS is responsible for making up the difference in savings.

How the Funding Works:

Before Performance Contract	After Performance Contract
Payments to Utility Providers (100%)	Savings in Excess
	Service Payments	Guaranteed Portion
	Payments to Financing Institution
	Payments to Utility Providers