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School Energy Performance Contracting (HB 264)
 
Green EconomyThe School Energy Program was established in 1985 to allow school districts to make energy efficiency improvements to their buildings and use the cost savings to pay for those improvements. The program gives districts the ability to borrow funds without having to pass a ballot issue for the authority to borrow. This limited borrowing authority has given districts the ability to save millions in utility bills and operating costs, and all at no additional taxpayer expense.

The school district selects a vendor to provide a complete turnkey project to analyze existing utility bills, conduct an energy audit, propose energy conservation measures and pricing, and complete the construction. The OFCC provides a technical review and approval of proposed projects, and reviews post-construction annual savings reports
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