After connecting at a local Chamber of Commerce networking event, Palace Theater staff invited RISE Engineering to conduct an energy assessment of the building's lighting system. RISE identified and recommended lighting improvements, arranged installation, and helped make this energy-efficiency retrofit project affordable by working with National Grid on financial incentives and by coordinating third-party financing.
This landmark, city-owned theater was becoming difficult to maintain due to negative cash flow. The city was considering selling or closing the building..
Total Project Cost: |
$168,807, |
National Grid Incentives: |
-$71,381 |
Customer Cost: |
$97,426 |
Annual kWh Saved: |
261,855 |
Simple Payback |
1.9 years |
|
Energy $ Saved Annually: $50,736
A pioneer in the delivery of turnkey energy-efficiency services, RISE works with utilities and other energy program sponsors to offer energy users comprehensive efficiency services that reduce their environmental footprint and operating expenses.