Ameresco, Inc. (NYSE: AMRC), a leading energy efficiency and renewable energy company, and Silver Falls School District announced that they have partnered on a $1.8 million Energy Savings Performance Contract (ESPC). This project will improve the interior and exterior lighting at 13 district schools, the District office and its bus depot. The project is expected to save $87,000 annually.

Ameresco provided coordination and management of reimbursement from utility public purpose charges and the Energy Trust of Oregon along with estimated energy savings, making this project budget neutral with no impact to the District's general fund budget.

In addition to conserving energy and realizing those related cost savings, the District also sought to improve environmental conditions by removing all remaining fluorescent tubes and remediating all polychlorinated biphenyl (PCB) ballasts present within school facilities. PCBs are classified as persistent organic pollutants and are a probable human carcinogen. Proper care will be taken to ensure safe removal and disposal of all contaminants.

"We appreciate Ameresco's diligence in auditing our facilities and creating a project that best suits our District," said Lorin Stanley, Maintenance and Facility Director for Silver Falls School District. "Ameresco streamlined this process, giving us greatly improved lighting systems, which also significantly reduces our current and future maintenance costs. We're glad that our decision to make these energy conservation improvements will have positive and near-term implications for not only our operating budget but also for the well-being of our school community."

"We continue to see a commitment to energy conservation in the K-12 market in both Oregon and beyond," said Louis Maltezos, Executive Vice President at Ameresco. "We look forward to helping the Silver Falls School District by significantly reducing its energy use and associated costs for lighting by replacing existing lights with long-lasting LEDs. And, we commend the District for embarking on this endeavor that is both environmentally and economically responsible."

This project is expected to be completed in 2019.

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