Toms River Schools partner with Maser, DCO Energy and CDI for infrastructure upgrades
The Superintendent of Toms River Schools, David Healy, announced that the Toms River Regional School District approved the team of Maser, DCO Energy and CDI to implement a self-funding, budget-neutral, capital improvement Energy Savings Improvement Program (ESIP) to upgrade infrastructure in the district.
ESIP is a financing mechanism that allows public entities to pay for capital upgrades with the energy cost savings generated by installing energy conservation measures without a tax increase.
The announcement comes after two years of the districts efforts, developing, conducting, and overseeing a comprehensive district-wide facilities assessment to address issues related to the aging and deterioration of its buildings and grounds while also exploring different funding options that would have the least impact on taxpayers. The projected total is $17 million and will cover 2,600,000 square feet of space in 23 buildings.
DCO's recommendation for Toms River includes LED lighting, retro commissioning to make sure all existing systems work properly, and energy management systems that operate the buildings in the most effective way. The project is estimated to create 220 full time jobs.
The project will deliver $1.1 million in New Jersey Clean Energy Program incentives and more than $900,000 in annual energy cost savings. ESIP has been used to fund over 100 municipalities, school districts, vocational schools, hospitals, colleges and universities.
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