Honeywell Helps Town of Tolland Upgrade Facilities and Cut Costs
Performance Contract Expected to Trim Energy Use and Utility Bills
TOLLAND, Conn. — Honeywell announced a retrofit and revitalization project that is expected to save Connecticut’s town of Tolland nearly $600,000 a year in utility and operating expenses, funds that will be used to make energy-efficient upgrades across multiple municipal buildings and four public schools.
Tolland will finance a portion of the building improvements with a 20-year, $10-million performance contract with Honeywell. As a result, the town can pay for most of the work with the annual cost savings, guaranteed by Honeywell, rather than drawing from additional public resources. The town also plans to supplement the investment with an estimated $350,000 in incentives from Connecticut Light & Power.