U of L energy plan hopes to cut bill by 30% - WDRB 41 Louisville News

U of L energy plan hopes to cut bill by 30%

You think you have utility bill problems?  The University of Louisville pays nearly $14 million a year for heat, electricity, and water.  U of L has just announced a plan to cut that bill by 30% a year.

Partnership is the new buzzword on the U of L campus.  Last week Fox 41's Dick Irby reported how the university is going to get some new student housing, thanks to a private developer that will build and manage it.

Wednesday, a new partnership was announced to get the energy bill under control.  Siemens Building Technology is beginning a very detailed energy audit on the Belknap campus.  In about a year it will have a plan to upgrade heating and cooling systems and use less electricity.

The result should be a much lower utility bill thanks to improvements that shouldn't cost the school a dime.

Michael Azzara of Siemens explains, "The entire $33 million dollars in facility improvements, the largest performance contract executed in the state, will be funded, not by additional taxpayer dollars.  It will be financed based on the energy savings the upgrades and the retrofits will produce."

It may sound as if it's too good to be true.  For a yearly fee, Siemens will come up with an energy plan.  Then it will buy all the equipment as needed to put it in place, using the savings from this energy plan.  And it will give the university a check for the difference if its yearly guarantee target is not met.

How do they do it?  Siemens says it knows what it's doing and almost always reaches its energy savings it projects.  So it's confident it can make money by saving U of L money.

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