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NC State University Energy Prices

"Performance contracts are a performance-based procurement method and financial mechanism for building renewal projects whereby the utility bill savings that result from the installation of new building systems pay for the project’s cost. With an established allowable payback period of 20 years and an aggregate principal amount of $100 million available, a “Guaranteed Energy Savings” performance contract (as defined in NC G.S. 143-64.17 legislation) obligates the contractor, a qualified energy services company, to pay the difference if at any time the savings fall short of the guarantee.

  • NC State’s first performance contract was a 13-building, $17 million agreement with Schneider Electric. The project has an 11-year payback with an annual savings of roughly $1.7 million. Buildings include: Caldwell Hall, Carmichael Gym, College of Textiles, Cox Hall, Dabney Hall, McKimmon Center, Monteith Research Center, Monteith Parking Garage, Poe Hall, Research I, Structures Lab, Tompkins Hall and Winston Hall
  • A $61 million contract with Ameresco allows NC State to generate its own power for the first time through the installation of a gas-fed combined heat and power (CHP) system, which should pay for itself in 20 years. This new system at Cates Utility Plant provides 11 megawatts of power to main campus, supplying one-third of main campus demand. The contract also upgrades Yarbrough Utility Plant on campus." (Quoted from https://sustainability.ncsu.edu/campus/energy-water/ at NC State Universitiy: Energy Conseration)

DMU Timestamp: November 07, 2017 21:11





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