The Energy Conservation Program allows school districts to make energy efficiency improvements to their buildings and use the cost savings to pay for those improvements.
Frequently called the House Bill 264 Program (after the 1985 law that created this financing mechanism), the Energy Conservation Program gives districts the ability, in this one limited instance, to borrow funds without having to pass a ballot issue for the authority to borrow. This limited borrowing authority has given districts the ability to save millions in utility bills and operating costs, and all at no additional taxpayer expense.
Since the inception of the program, more than 500 Ohio school districts have taken advantage of this opportunity.