Add as a preferred source on Google

Clean Energy Bond Resources Available Online

  • 06/25/14

WASHINGTON, DC — A number of nonprofit campuses are using clean energy bonds as a method to provide deep energy efficiency or renewable energy installations, as well as reducing deferred maintenance. An informational brief from the Council of Development Finance Agencies explains the purpose of the bonds, terms of use and how bonds can be implemented. 

Bonds are often used in development of projects for the public good, but recently these bonds have been pooled together for multiple purposes: to improve energy efficiency, update water infrastructure, create renewable energy options and update/modernize campus buildings. For eligible nonprofits, this funding source is being used for multiple campus improvement projects.

In addition to the brief, presentation slides from a free webinar also are available to download. The presentation highlights three higher education institutions that have undergone multiple capital projects to improve energy and deferred maintenance, along with addressing the changing needs of the campus. They include:

  • Illinois College (Jacksonville, IL) used Lease Revenue Bonds for its Parker Science Building and Garner Residence Hall. The college had existing $12.97 million in current bonds and took an additional $3.9 million to: upgrade mechanical/electrical systems for a residence hall built in 1954; upgrade chilled water piping in a science building; consolidate utility meters; and install energy efficient lighting and building automation systems campus-wide.
  • Elmhurst College (Elmhurst, IL) is using $25 million for Leadership in Energy and Environment Designed-gold 170-room student housing and “green” surface parking lot featuring permeable paving and national landscaping along with general campus-wide renovations and improvements to increase energy efficiency.
  • Loyola University (Chicago) utilized $92 million to finance significant construction of three student housing projects and campus-wide renovation to improve energy efficiency.

Featured

  • abstract representation of hybrid learning environment

    The Permanence of Change: Why Hybrid Is the New Baseline

    Hybrid learning is here to stay, and it's reshaping how campus spaces function.

  • Empowering People Through Smart, Sustainable Campuses

    Sustainability is facing increasing scrutiny, with some questioning its costs and priorities. Yet for universities, it remains an essential driver of resilience, operational efficiency and long-term competitiveness. At the same time, there is a growing recognition that sustainable transformation is not just about reducing energy consumption and emissions to comply with tightening regulations ‒ it’s about creating vibrant, comfortable environments where people can thrive, innovate and connect. For university leadership, this is a complex balancing act, with rising energy costs and limited budgets only adding to the challenge.

  • sapling sprouting from a cracked stone

    Lessons in Resilience: Disaster Recovery in Our Schools

    Facility managers play a pivotal role in how well a school weathers and recovers from a crisis. Whether it's a hurricane, a flood, a tornado, or a man-made event, preparation determines resilience.

  • ClassVR headsets

    Avantis Education Revamps Hardware for ClassVR Solution

    Avantis Education recently announced the launch of two new headsets for its flagship educational VR/AR solution, ClassVR. According to a news release, the Xcelerate and Xplorer headsets expand the company’s offerings into higher education while continuing to meet the evolving needs of K–12 users.

Digital Edition