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Lime Energy Awarded Multi-Year Contract for Long Island Power Authority Small Business Energy Efficiency Program

Lime Energy has been notified that it has won the contract as the exclusive provider for the Small Business Energy Efficiency Program for the Long Island Power Authority (LIPA). The projected value of the five year contract is $7.3 million per year. The program will offer incentives of up to 70% toward the cost of energy efficiency upgrades to qualifying small business customers in specific distribution load pocket areas of Nassau and Suffolk counties and the Rockaway Peninsula in Queens. LIPA created the Small Business Direct Install Energy Efficiency Program as part of its customer-funded $900-plus million "Efficiency Long Island" strategy to defer distribution and generation system upgrade costs by reducing peak energy demand. Under the contract, Lime will enter into direct contracts to provide turnkey lighting retrofits with qualifying load pocket to customers who choose to participate.