Anderson School District 3 Uses JEDA Bonds to Finance Energy Project

Iva, SC — Anderson County

Anderson County School District 3 is using a $5.2 million bond issue from the South Carolina Jobs-Economic Development Authority (JEDA) to implement energy conservation measures and equipment in five schools and its administrative building.

The Series 2015 Qualified Energy Conservation Bonds (QECBs) will finance energy conservation improvements that include water heaters, PC power management, energy-efficient transfers, water conservation, controls, LED lighting and HVAC equipment.

JEDA issued the QECBs through the South Carolina SAVES Green Community Program, which is administered by Abundant Power, a Charlotte, N.C., firm that specializes in energy-efficiency financing programs across the Southeast.

Anderson 3 currently employs 370 people. The district expects the project to create 20 jobs directly and another 45 jobs indirectly.

“We’re looking forward to our relationship with Anderson District 3 as the school district saves money and energy with the improvements it will be undertaking.”
— Greg Montgomery, Managing Director with CleanSource Capital, an affiliate of Abundant Power that manages its SAVES financing programs.

“Projects like these have a positive, widespread impact on their communities. We’re pleased to have had a role in helping make it happen,” says Doug Lamb, Bond Counsel with McGuireWoods.

“We’re pleased to again work with the South Carolina SAVES Program on such forward-looking ventures. They’re a great example of what innovative, disciplined financing can accomplish in South Carolina,” says Harry A. Huntley, CPA, Executive Director of JEDA in Columbia.