As Seen in Our 2018 Annual Report
Our regulated utility, Madison Gas and Electric (MGE), helps to shape our area's economy and support local business. That support includes offering programs to help businesses make energy- and money-saving improvements, such as those made at Preschool of the Arts on Madison's west side.
When the school's 11 rooftop air-conditioning units needed to be replaced, Environment and Facilities Manager Kristin Slava worked with her MGE account representative in commercial and industrial marketing to take advantage of MGE's Shared Savings program to fund the $75,000 project cost.
Under Shared Savings, MGE pays the upfront costs. Businesses use the cost savings generated by reduced energy use to help repay the loan. The program has loaned about $15 million for 150 projects throughout the last 10 years.
Hear what those involved have to say about the benefits of Shared Savings in our brief video from Preschool of the Arts.