JACKSBORO, TN (SPECIAL TO WLAF) — Campbell County Schools sees more positive results from their Energy Upgrade Project with Trane Technologies.
Beginning in February 2012 and continuing a second phase in 2018, the Campbell County School Board has implemented a energy and infrastructure upgrade projects that included replacements of heating and air conditioning systems, as well as Building Automation Control Systems, LED lighting and other energy savings measures. The project’s utility savings were projected to cover the cost of the upgrades when financed over a period of time.
So far, the projects has been extremely successful, saving more than $950,000 “over” the guaranteed utility reduction amount since the beginning of the first project in 2012. Total utilities saved since 2012 – $4,039,485.
On top of those savings in utility costs, today, the school system received another cash benefit of doing these energy upgrades. Trane came to the CCS Board meeting today to present a check for $30,124.68, which represents rebate funds from the Internal Revenue Service specifically for the implementation of energy conserving measures associated with the 2nd phase of the project implemented in 2018
The 179D commercial buildings energy efficiency tax deduction primarily enables building owners to claim a tax deduction for installing qualifying systems and buildings. If the system or building is installed on federal, state, or local government property, the 179D tax deduction may be taken by the person or entity primarily responsible for the system’s design. In this case, the design of the eligible systems was Trane Technologies. The Lenoir City School System worked with Trane to claim these tax credits and now they have received their check.
All of these improvements have been funded without the need for any tax increase in Campbell County. (WLAF NEWS PUBLISHED – 12/08/2020-11:15AM)