May 24, 2022

Tri-County Presented with Check from Trane

Posted

Representatives of Trane Technologies (NYSE:TT), a global climate innovator in heating, ventilation and air conditioning (HVAC) and transport refrigeration, presented a check in the sum of $27,327.74 to Superintendent, Karen Maguire for the benefit of Tri-County Regional Vocational Technical High School at their Franklin, MA facility.

Through a proven and innovative procurement and contracting process known as Performance Contracting, Trane designed and installed a comprehensive range of facility improvements at Tri-County that will provide a safe, comfortable, and efficient learning environment while substantially reducing energy consumption.

The $7M project, financed by an independent third party, and completed in 2020, included a roof replacement, new HVAC equipment and controls, and a comprehensive lighting systems upgrade. As part of the Performance Contracting process, Trane will guarantee that Tri-County will realize a reduction in energy consumption equaling $178,000/year over the 20-year term. Trane will also provide ongoing maintenance services to ensure optimal operation of project improvements for the long term.

“As a local resident and taxpayer, I am pleased to help facilitate a mechanism whereby Tri-County is able demonstrate fiscal and environmental stewardship while optimizing the learning environment for students.” said Leo McNeil of Trane.

“As a civic minded organization, Trane is pleased to share a portion of the 179D tax benefit with our customers” said Morgan Perras, of Trane.

Internal Revenue Code Sec. 179D is a popular tax incentive that provides building owners and eligible designers/builders the opportunity to claim a tax deduction for installing qualifying energy efficient systems in buildings. Accordingly, Trane Technologies can file for this incentive for projects implemented at tax-exempt entities, such as Tri County Vocational Technical High School.

“Trane is pleased to present this share of the 179d tax benefit for this project to Tri-County”, said Chris Marshall, of Trane. The check is presented as a gift to Tri-County for their use in fulfilling their mission to provide an excellent comprehensive technical and academic education to regional high school students.

Comments

No comments on this item Please log in to comment by clicking here

Share!
Truly local news delivered to every home in town