June 8, 2005: Honeywell To Help Chattanooga Cut Housing Energy Costs
Under the contract, Honeywell will install energy-efficient lighting and programmable thermostats for residents and common areas, and replace electric-resistance wall heaters with high-efficiency heat pumps in some units. Technicians also will install low-flow plumbing fixtures and appliances to reduce water consumption, among other improvements.
With the performance contract, Honeywell guarantees that the energy and water savings will completely fund the upgrades and will not change CHA operating budgets.
"The performance contract provides an infusion of capital funds for improvements and helps save taxpayer dollars," said Matt Powell, executive director of the Chattanooga Housing Authority. "With assistance from Honeywell and HUD, we will be able to meet our energy-efficiency goals and save money in the process."
The project offers a number of benefits for Chattanooga and its residents. Anticipated annual savings include:
According to Honeywell, the amount of electricity saved could power more than 1,000 homes on average per year. In addition, the reduction in carbon dioxide is equivalent to taking 1,400 cars off the road. The project also will provide long-term employment and training opportunities for CHA residents, and include the participation of local minority- and female-owned businesses.
Publication date: 06/06/2005