Johnson Controls, Arkansas State University sign $15 million energy performance contract
Johnson Controls and Arkansas State University have signed a $15 million energy performance contract aimed at dramatically advancing the university’s sustainability initiatives. This includes improvements to lighting, water conservation, waste management, energy management, HVAC, and utility monitoring systems.
Recent energy legislation has enhanced the Arkansas Energy Performance Contracting program, allowing Arkansas State and other educational institutions to benefit. Energy performance contracting is a financing mechanism used to pay for energy efficiency improvements, which are then paid back through annual energy and operational savings. The Arkansas State energy performance contract features a 20-year payback and operational savings.