The virtual summit takes place Wednesday, Sept. 27 from 1-3 p.m. ET. fnPrime members can register for free
Bring your questions and get answers from Joan Stein, nationally recognized ADA expert, in this interactive virtual session
The achievement: The university converted 125,000 square feet of grass to sustainable areas, converted lighting to LEDs, upgraded HVAC units and improved building automation systems, reducing energy use by 14 percent in residence halls.
The challenge: The biggest challenges faced by the university were justifying funding and showing payback. In an effort to resolve this, the university became one of the first campuses to join the Billion Dollar Green Challenge sponsored by the Sustainable Endowments Institute, a nonprofit organization that studies sustainability measures at colleges and universities. Enrollment in the challenge allows the university to track each sustainable project.
Through this tracking, the university builds a green revolving fund (GRF). Sustainable projects are funded through operational budgets and tracked through the green revolving investment tracking system (GRITS). This program shows the annual payback and return on investment for each project. An annual report shows the amount each project saves. The cumulative annual savings then transfer from the utilities budget into the GRF, which is dedicated to only sustainable projects. The savings for each of those projects are calculated through GRITS. The money saved goes back to the GRF every year. This allows for steady growth of the GRF and ensures continued sustainable projects in the future.
— Robert Beebe,
Senior Director of Physical Plant Operations & Services
Renovations and Retrofits: University of La Verne, La Verne, Calif.