LOGANSPORT, Ind. (WLFI) — The city of Logansport is exploring different ways to cut down on energy costs.
“We’re looking at energy efficiency and how to save, conserve dollars,” said Mayor Dave Kitchell.
Business owner Alex Maloy said, “I think it sounds like a great idea. It’s something I could get behind.”
Kitchell said the city is looking to slash energy usage.
Earlier this month, the city hired a firm to perform an energy efficiency study. Plans call for cutting down on operating costs and equipment performance, which includes upgrades within city owned buildings.
“Their initial review of our utilities here in our buildings indicates that we could save between $110,000 and $114,000 a year in energy costs for 10 years,” Kitchell said.
It also includes converting the city’s 3,000 streetlights to LED. Kitchell said this would dramatically cut costs.
“The civil city taxpayer pays for every single street light in the city,” said Kitchell. “So that’s our cost and we want to lower our cost to the average taxpayer.”
Maloy said he’s on board with the plan.
“I’d like them to cut expenses and be more energy-efficient because that’s what the world is going to now,” Maloy said. “The cheaper energy is where it’s at.”
The funding structure comes as part of Indiana’s Guaranteed Energy Savings Contract. This allows entities to work with firms on ways to cut energy costs.
So what’s the advantage?
The city won’t have to fork over an initial investment upfront, and the cost savings will be used to pay for the projects over time.
If things don’t go as planned, the city won’t be out any extra money.
“If they say we’re going to save you this much money over 10 years, they eat the cost if they don’t,” said Kitchell. “If there’s change orders that are part of the process, they eat the change order.”
Maloy said, “I think that sounds like a win-win situation for us. I mean if it doesn’t work out, we’re not going to really lose out there.”
Kitchell said he’s optimistic this initiative will pay off in the long run.
“The savings long term is only going to benefit the taxpayer and even future city administrations,” he said.
Maloy said, “We’re moving in the right direction, and I think that’s the best thing we can do right now or the most important thing we can do right now is more in the right direction.”
Kitchell also added the contract allows for local contractors to perform work.