EAC launches Green Revolving Fund

howland2Marlboro’s Environmental Advisory Committee has initiated a community “green revolving fund” to support energy efficiency and renewable energy projects around campus. Starting with a seed grant from the Margaret A. Cargill Foundation gift, the GRF will provide capital for these projects and be replenished out of the savings those projects generate.

“In the last few years there has been significant growth in this type of fund at colleges and universities,” said Matt Ollis, math professor and chair of the EAC. “There’s little doubt that it can be an effective way to implement structural energy efficiency measures.”

Two projects already under consideration for funding through the GRF are installing more efficient lighting in Persons Auditorium and a photovoltaic (solar panel) array on the maintenance building to offset electricity costs. The money that these measures saves the college each year will be reinvested into the fund, to provide for other green projects in future years.

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