The Energy Conservation Program allows school districts to make energy efficiency improvements to their buildings and use the cost savings to pay for those improvements. The HB 264, which passed in 1985, enables school districts the ability, in this one limited instance, to borrow funds without having to pass a ballot issue for the authority to borrow. This limited borrowing authority has given districts the ability to save millions in utility bills and operating costs, and all at no additional taxpayer expense.
The Ohio Development Services Agency's Office of Energy works in partnership with the Ohio Schools Facilities Commission in administering this program and provides technical evaluation of applications submitted by school districts. An ongoing measurement and verification process is evaluating the energy and cost savings to Ohio taxpayers. To date, more than 500 Ohio school districts have taken advantage of this opportunity.
For more information, visit the Ohio School Facilities Commission Energy Conservation Program HB 264 webpage.