The following is a press release submitted to SOURCE media through its business wire service.
FRAMINGHAM – Ameresco, Inc., an energy efficiency and renewable energy company, and Grants Pass School District 7 announced that they have entered into an Energy Savings Performance Contract (ESPC) to implement upgrades at thirteen locations across the district.
After unsuccessful attempts at voter-approved bonds, the district decided to pursue alternate paths to achieve needed upgrades at their schools. Securing a low-interest financing rate has motivated Grants Pass to complete lighting, HVAC, and building envelope upgrades across the district. Utilizing an ESPC and third-party financing, the district can complete upgrades and pay for them over time, aided by utility incentives and reimbursement programs, as well as energy savings.
Grants Pass’ Chief Finance & Operations Officer, Sherry Ely, said “We selected Ameresco for their flexibility in choosing the most efficient and best value equipment and solutions for our district. The Ameresco team presented options for upgrading interior and exterior lighting at all schools, and HVAC and roofing at selected locations.”
“Ameresco is proud to partner with this community-focused school district. Taking advantage of the low interest rates currently available, our team is helping the district achieve their infrastructure improvement needs while strengthening the safety of their students and staff,” said Ameresco’s Executive Vice President, Lou Maltezos.
This Southern Oregon school district serves nearly 6,000 students across 10 campuses. District No. 7 is committed to providing an education that encourages all students to reach their potential and become responsible, productive citizens.
Founded in 2000, Ameresco, Inc. is an independent provider of comprehensive services, energy efficiency, infrastructure upgrades, asset sustainability and renewable energy solutions for businesses and organizations. Ameresco’s sustainability services include upgrades to a facility’s energy infrastructure and the development, construction and operation of renewable energy plants. Ameresco has successfully completed energy saving, environmentally responsible projects with federal, state and local governments, healthcare and educational institutions, housing authorities, and commercial and industrial customers. With its corporate headquarters in Framingham, Ameresco has more than 1,000 employees providing local expertise in the United States, Canada, and the United Kingdom.