Ameresco Inc., an energy efficiency and renewable energy company in Framingham, and the New Bedford Housing Authority on the south coast have inked a $12.7-million energy performance contract.
The deal is expected to provide $19.6 million in energy and water cost savings over its 16-year term, the two organizations said on Thursday.
The project involves 15 of the agency’s housing developments with nearly 1,500 households.Â
It will focus on roof-top mounted solar installations in conjunction with significant incentives available from the Solar Massachusetts Renewable Target program.Â
Upon completion of construction over the next 15 months, the solar installations at 11 of the 15 developments will result in 2.4 megawatts of power generation, significantly reducing NBHA’s electric consumption. In addition to the solar installations, other energy savings measures include water conservation, exterior and common-area lighting upgrades, and boiler replacements
