Russell County Public Schools in Virginia are receiving $5.6 million in bonds to finance solar and energy efficient improvements in 16 buildings at 9 schools, Gov. Terry McAuliffe (D) announced. That’s thanks to the VirginiaSAVES, which is the state’s first statewide Green Community Program.
The Russell County Public School system will use the bonds to make energy-efficient improvements to 16 buildings at nine schools throughout the county. Through the upgrades, the county will save more than 2,700 megawatt hours cut the emission of 2,350 metric tons of greenhouse gases and nearly 3,200 kilo-gallons of water annually. Over the life of the projects county will save $7.6 million in utility bills and, thanks to the bonds, it will save $1.9 million in interest savings.
“Today’s announcement is a great opportunity for the commonwealth to further our efforts to advance energy efficiency and renewable energy generation in the new Virginia economy, and I thank Russell County Public Schools and Trane for partnering on this project,” McAuliffe said. “Now more than ever, we need to think differently about what a growing economy looks like in this region and how we can work together to diversify the economic base and bring high-growth industries to the area. I’m pleased that we are able to do just that here in Russell County today. Projects like these are creating jobs of the future that will help rebuild the local economy, drive investments to improve local infrastructure, and create a better way of life for families.”
The program, administered by the Virginia Department of Mines, Minerals, and Energy (DMME), was designed to help public and private sector partners reduce costs of financing clean energy projects. “In less than two years of existence, VirginiaSAVES has provided $41 million to 10 projects statewide which will result in nearly 680 new jobs over the life of these projects. Through this program, we are lowering barriers to deploying clean energy technology that reduces electricity consumption, carbon emissions, and water use while creating jobs and saving taxpayer dollars,” said Secretary of Commerce and Trade Todd Haymore.Tweet