Britta Victor created a financial model to help Boston Public Schools (BPS) pay for energy efficiency upgrades without burdening its budget. By examining audits of similar schools, she determined that upgrades such as light bulb retrofits, weather stripping and energy management software could pay for themselves within this model.
The model, called equipment leasing, enables BPS to perform its own energy audits, more accurately understand its equipment needs, acquire that equipment and pay for it – with savings left over. At just five of its schools, BPS could save more than $2 million and nearly 17,000 tons of carbon dioxide over the project lifetimes. The city may expand this plan to obtain energy savings from many more schools and city buildings.
If this model is successful, Boston may implement it at other schools and city buildings.
Britta Victor created a financial model to help Boston Public Schools (BPS) fund energy efficiciency upgrades at five of its schools. These upgrades could save BPS more than $2 million and nearly 17,000 tons of carbon dioxide over the project lifetimes.