Energy re-engineering helps Riverbend save heating and cooling cost

Pillar House, at 40 Pleasant Street in downtown Concord, and the adjacent Riverbend Administration Building at 3 North State Street have undergone a comprehensive energy audit, re-engineering, and retrofitting of their heating and cooling systems.
Primarily funded by a federal ARRA (American Recovery and Reinvestment Act) grant administered by the NH Community Development Finance Authority, the project included the conversion of heating/cooling systems to natural gas and a new air exchange system, as well as additional insulation for both buildings. The NH Community Loan Fund managed the project, and also provided a small, low-interest loan to complete the $190,000 (total cost) job.

The Jordan Institute (TJI), a Concord-based firm that specializes in helping businesses, organizations, and homeowners in reducing energy use and carbon emissions, performed the initial energy audit and established the new system’s design parameters. TJI will also be monitoring these facilities for the next three years to evaluate energy use and cost savings.

Allan Moses, Riverbend Senior Vice President/CFO, said that the project should pay for itself within six years. “The federal government and the NH Community Development Finance Authority provided the initial opportunity,” Moses said. “Our local community — the NH Community Loan Fund, The Jordan Institute, and local contractors — came together seamlessly to help us get this important work done,” Moses concluded.

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About how ARRA grants have been used in NH

The Jordan Institute

The NH Community Development Finance Authority

The New Hampshire Community Loan Fund