North Arkansas College and Entegrity agreed to a $1.7 million energy performance contract through the Arkansas Energy Performance Contracting Program. The project, expected to provide over $5 million in economic impact to the Harrison economy, will feature efficient LED lighting technology, replacement of HVAC equipment, water conservation upgrades, and replacement of critical roofing infrastructure.
The energy performance contract will have a 15-year payback and is fully funded by guaranteed energy savings. North Arkansas College will be able to finance the project through annual savings now being spent on utility and maintenance costs.
With over 300,000 square feet of building space, Northark is the largest two-year college in the state to participate in the AEPC program, which was launched in late 2014. The program, administered by the Arkansas Energy Office, allows Arkansas’ public building owners to undertake large energy conservation projects using a paid-from-savings approach.