Energy Efficiency: The Smart Investment in Arizona
Arizona boasts dozens of examples of energy contracts paying off. From schools to municipalities, universities and even prisons. Some recent examples include:
- In 2015, Prescott Unified School District completed a 10-year GESPC that was implemented in 2005. The $2.8 million project saved the district more than $300,000 annually. The energy savings paid for the full cost of the contract with all cost avoidance now going to the district at a savings to taxpayers. .
- Scottsdale Unified School District has entered into several contracts with the actual savings exceeding the guarantees, allowing the district to pay off upgrades early and direct funds back to the classrooms.
- Pinal County entered its first contract in 1999 and now has 29 facilities under contract, saving its taxpayers more than $600,000 a year in avoided energy costs.
- The City of Tucson is working on a contract for 22,000 street lights. The new LED fixtures will save energy and also comply with “dark sky” standards.
- Arizona State University, University of Arizona and Northern Arizona University all have contracts. ASU saves 29 percent on energy annually, or $5 million a year.
- In 2010 the Arizona Department of Corrections completed a $5 million contract for energy and water measures at its Tucson complex. During the first year after installation, electricity consumption fell by 18 percent, a $230,000-a-year savings.
To date, more than 50 public jurisdictions throughout Arizona have executed guaranteed energy savings performance contracts, leveraging more than $350 million in private sector investments into estimated $35 million in guaranteed annual energy cost savings.