Schneider Electric will save the City of Laurel an estimated $2.85 million in energy and phone/data costs over the next 20 years, company officials announced at a recent ribbon-cutting at City Hall.
The Laurel Energy Initiative will bring an annual projected savings of $111,415 for an annual investment of $50,000 to $70,000 by the city, according to an information sheet that was handed out.
Some of the plans Schneider Electric officials have to save money include:
• Replacing old HVAC equipment and replacing it with a more efficient unit at the Cameron Center;
• Replacing a corroded pool-heating boiler at the Natatorium with a more efficient unit;
• Adding 20 tons of cooling capacity at L.T. Ellis Center;
• Building an automated system to control HVAC schedules and temperatures from a centralized system for large facilities, such as the police station, the Train Depot and indoor recreation facilities;
• Upgrading more than 2,000 interior, exterior and street lights with LED technology, improving the look and efficiency and reducing replacement intervals by three times;
• Installing a new voice-over phone system and data system that will increase productivity and save money.
The projected annual savings for the lighting alone is $18,705 and $10,021 for the Natatorium, according to company officials.
The savings will be applied to ongoing infrastructure improvement projects, city officials said.