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and the energy savings are not realized? The terms of the contract stipulate that Ameresco must make up the difference. What if they go out of business or go bankrupt? Is the VRA going to “repossess” all the replacement windows and A/C units?
We doubt it.
But the real question may be; what is the cost for not doing these projects now with this particular contract?
Will the board of supervisors directly fund these projects at county taxpayer expense in which case there may very possibly be tax increases, or are they going to defer these costs to the State, exempting county taxpayers and taking the
92.6%