City of Culver City On-Bill Financing

The City of Culver City used on-bill financing to finance a large energy efficiency project that included installation of a Energy Management System (EMS) at the Police Station, Senior Center, City Hall, Veterans Memorial Center, and Transportation Center and Interior and exterior lighting at select sites. The City received financing of $442,000, leaving $53,600 in expenses, however the project is anticipated to save at least $68,000 annually in savings, allowing the city to realize cost savings in as soon as 1-year.