Lime Energy Awarded Contract to Implement Small Business Energy Efficiency Program
Main Street Efficiency Program will offer incentives to small and mid-size businesses in central Texas
NEWARK, N.J. — Lime Energy Co. announced it has been awarded a three-year contract with an expected value of $9 million to implement a Small Business Direct Install (SBDI) program for Oncor Electric Delivery Co. Oncor will provide roughly $1.57 million in annual incentives for eligible commercial customers to improve energy efficiency in their businesses. Oncor and Lime Energy intend to deliver 6,680 MWh of energy savings and 1.6 MW of demand reduction in the following regions: Tyler, Waco, and Midland-Odessa, Texas. The program will be marketed under the Main Street Efficiency brand and will be available through 2019.
Through the Main Street Efficiency Program, Oncor will offer incentives to small and mid-size businesses with peak demand under 200 kW, offering to pay up to 90 percent of the project cost to install energy efficiency measures in their commercial space. These updates may include upgrades to commercial refrigeration as well as new LED technology for lighting. The program is designed to provide customers with a completely turnkey experience — Lime Energy will audit their facilities to identify potential savings, install the new technology, safely recycle the old equipment, and also provide financing to eligible customers.
“When businesses improve efficiency to lower their operating costs, they are able to reinvest those savings to strengthen both their businesses and their communities,” said Adam Procell, Lime Energy’s president and CEO. “Energy efficiency is one of the fastest, lowest cost methods to accelerate economic growth and Lime Energy is committed to delivering cost-effective clean energy solutions to communities across Texas.”
In addition to the immediate financial benefits this program will provide for small and mid-size business customers served by Oncor, Lime Energy will be able to create six local jobs and provide a steady flow of projects for dozens of local contractors.
“Small business and rural communities are important components of our customer base. This program will allow those customers to identify and implement energy efficiency improvements that can positively impact their businesses,” said Michael Stockard, the director of energy efficiency at Oncor.
For more information about Lime Energy, visit www.lime-energy.com.
Publication date: 5/3/2016