A Public School District Leverages Energy Savings to Fund Lighting Upgrade

1. Implementing Energy Upgrades
with Budget-Neutral Financing

2. After a facility evaluation, an Ohio
public school was challenged with funding
a large-scale lighting upgrade.

3. With the start of the school year fast-approaching,
the lighting needed to be installed immediately.

4. But budget constraints
prevented the school from
paying for upfront costs.

5. The school began evaluating financing that aligned the
upgrade cost to yearly energy savings.

6. First American developed a budget-neutral
financing solution…

7. that aligned annual payments over
10 years to energy savings and...

8. deferred payments until the next fiscal year.

9. During installation, the school avoided upfront costs.

10. Because First American made
progress payments to the vendor.

11. Before summer break ended, 1,600 LED Lights
were installed in classrooms.

12. The school benefitted from a
fixed low interest rate and…

13. Significant energy savings resulting in
$50,000 in savings per year
10-year term
$500,000 in total savings

14. Energy savings that exceeded the annual payment
were used for new faculty additions.

15. The upgrade increased
operational efficiency
for the school resulting in a
more sustainable future.

16. Learn why more than 600 schools
selected First American to finance
critical campus projects.
FAPublicEducationFinance.com