Renew Boston Trust Phase I
Renew Boston Trust (RBT) Phase I created a new approach to finance investments in City buildings to cut greenhouse gas emissions and increase energy efficiency. The project first established a portfolio of City-owned buildings that were eligible for investments.
Through a contracted energy audit, the City chose 14 buildings from that portfolio for the first round of upgrades:
- four libraries
- two fire stations
- three police facilities
- one parks facility, and
- four community centers.
The City installed Energy Conservation Measures (ECMs) in the selected buildings. This involved:
- the installation of newer high efficiency equipment
- upgrading current equipment, and
This phase was guaranteed to produce $613,044 in savings the first year after it was completed. Every year since the phase was completed the City has achieved greater savings than anticipated. The annual savings ultimately pays for the cost of installation and implementation of the ECMs.