The money will be UGA's share of some
Under the program, six state agencies will be allowed to hire outside contractors to evaluate existing buildings and come up with building projects that will increase energy efficiency and reduce water consumption. The state will borrow the money to pay for the program, but should be able to recover the costs through utility bill savings in just a few years.
The program is called the "Guaranteed Energy Savings Performance Contracting Program" because contractors will guarantee that the state agencies will be able to pay for the projects with the money they will save on utility bills as a result of the building projects, said
Typically, such projects have a payback period of five to seven years, he said.
The biggest beneficiary of the program will be the state
That agency is authorized to spend up to
The UGA projects will come out of
It will take some time before contractors begin work on the East Campus projects, Johnson said.
"We're in the process of finding and selecting a contractor to work with," he said.
UGA officials plan to ask three or more qualified companies to submit proposals, and then will choose one to work with, he said.
"We are hoping to have a contract awarded by spring of 2015," he said.
Among the East Campus buildings the contractors will be asked to examine for utility efficiency improvements are the
The projects at
UGA has already put millions of dollars of internal funds into energy and water improvements over the last decade.
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