Honeywell helps CT town improve facilities, cut costs
The Connecticut town of Tolland will be saving nearly $600,000 a year in utility and operating expenses thanks to Honeywell. The company assisted the town with retrofit and revitalization projects. The savings from the project will be used to make energy-efficient upgrades across multiple municipal buildings and four public schools.
Tolland will finance a portion of the building improvements with a 20-year, $10-million performance contract with Honeywell. As a result, the town can pay for most of the work with the annual cost savings, guaranteed by Honeywell, rather than drawing from additional public resources. The town also plans to supplement the investment with an estimated $350,000 in incentives from Connecticut Light & Power.