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Ionia Complex Energy Performance Contract

Project Information

Department Name Department of Corrections
Facility Name Ionia Complex
Project Name Ionia Complex Energy Performance Contract
Completion Date September 2019
Project Cost $35,083,370
Savings (in $) $2,153,877 annually
Payback Period/ROI 15 years
Project Summary

This work was completed under an energy performance contract. An Investment Grade Audit was conducted identifying various energy conservation measures on 4 Correctional facility campuses. The project was financed as an Energy Performance Contract which pays the cost of the investment through energy savings over a 15-year period.

 
Additional Information GRBJ Article: Prison Site Locks in $34.6M Energy Services Contract