The Utilities Committee received an update on the Efficiency Smart energy savings program on Oct. 5. Galion is currently at the end of a three-year contract.
Representatives from Efficiency Smart reported that the program has achieved 130 percent of the goal for energy savings, resulting in the city purchasing 1.5 percent less power than anticipated. Efficiency Smart projected $2.4 million in total lifetime customer savings, based on the projects and initiatives done over the past three years.
The cost to the city to enroll in the program was $439,000. $4.3 dollars were saved for every $1 of investment made. Savings are verified by a third party company.
Seven of Galion’s top ten power users worked with Efficiency Smart on a project, in addition to several small and medium size businesses. The company helps businesses reduce their operational costs through technical expertise, no-cost energy assessments and sub-metering of equipment.
1,625 residents were served through light bulb giveaways, meter loans, appliance rebates, and appliance recycling. Efficiency Smart is currently offering discounted light bulbs at Liberty Farm, Home and Garden. 482 bulbs have been sold over the first month of the discount program.
Galion’s contract expires Dec. 31. The city will decide whether or not to renew for another three-year contract, which would have the same terms, services, and price per megawatt hour. New services that will be available at an additional charge include: residential energy audits, an LED streetlight pilot program, and rebates for heat pumps and smart thermostats.
Representatives from the Chamber of Commerce and local businesses praised the program during the meeting. Business owners summarized how they have been helped by the program.
The committee requested legislation to send to full council for consideration.