There are over 600 schools in the Chicago area, which amounts to a large quantity of energy consumption. Chicago now has a Energy Shared Savings plan which allows CPS schools to conserve energy and earn money while doing so. It is usually thought that only companies and businesses are eligible to receive benefits when an effort is made to be environmentally conscious. The purpose behind this plan is so all parties throughout the city can now be involved in making Chicago a more efficient and environmentally friendly place to live.
The way schools can earn money through energy conservation is to “reduce consumption 5 percent or more from a 3-year weatherized baseline.”(EDF Cimate Corps Fellow). For every kilowatt-hour of electricity that is saved a school will revceive 4 cents, while every therm of natural gas saved 10 cents will be awarded.
In the year 2012 alone only 141 schools participated in this initiative and saved over 500,000 dollars. This plan has been very effective in demonstrating how CPS schools can make a difference without affecting their learning environment. Earning money by saving money is an excellent incentive to get all schools involved and educate their students on why it is important.
Links to Savings for 2013 and 2014: