Johnson Controls, Arkansas State Sign Performance Contract
Recent energy legislation enhances Arkansas Energy Performance Contracting program
MILWAUKEE — Johnson Controls and Arkansas State University have signed a $15 million energy performance contract that will advance the university's sustainability initiatives, including improvements to HVAC, energy management, lighting, water conservation, waste management, and utility monitoring systems.
Recent energy legislation has enhanced the Arkansas Energy Performance Contracting program, allowing Arkansas State and other educational institutions to benefit. Energy performance contracting is a financing mechanism used to pay for energy efficiency improvements, which are then paid back through annual energy and operational savings. The Arkansas State energy performance contract features a 20-year payback and operational savings — the first of its kind in the state of Arkansas.