NEW LONDON, Conn. (AP) — New London officials are looking to tap geothermal energy to heat and cool municipal and commercial buildings.
The Day of New London reports that the city has been approached about a plan that would outfit schools and municipal buildings with geothermal energy systems to reduce heating and cooling costs by 40 percent to 60 percent over oil- or natural gas-powered systems.
A city-based workforce development company proposes to obtain financing for the new system, and the city would pay the company for the heating and cooling provided through a 20-year contract.
The city would save money in the long run and JDN Associates, the workforce development firm, would turn a profit from the city’s payments.
Four of neighboring Waterford’s five schools have geothermal heating systems that rely on underground sources of energy.
Information from: The Day
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