Divided into two phases, the project yielded significant benefits for Saint Meinrad. Phase 1, funded at $3.8 million, focused on LED lighting upgrades and solar panel installations, generating annual savings of $243,000. For Phase 2, Saint Meinrad collaborated with financer D.A. Davidson & Co., securing $15.2 million for additional upgrades including a central geothermal plant and more solar installations. This phase, closing on Earth Day, symbolizes Saint Meinrad’s dedication to environmental stewardship. The resultant annual savings, totaling $1 million, will feed into the monastery’s Green Revolving Fund, earmarked for future sustainability initiatives, exemplifying their commitment to a greener and more sustainable future.
Check out this article to learn more: https://energyservicesmedia.com/2024/04/saint-meinrad-archabbeys-path-to-59-reduction-in-energy-costs/
