Published: April 09, 2010

NEEM Announces a New Opportunity for Connecticut Ratepayers to Save 10-25% on Heating & Air Conditioning Costs

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DANBURY, Conn. - (BUSINESS WIRE) - New England Energy Management, Inc. (NEEM) an approved General Partner in The State of Connecticut's DPUC Electric Efficiency Partner Program (EEP) was recently granted approval to market PaceControls' PACE2/PACE3 product suites.

The Heating, Ventilation, Air Conditioning and Refrigeration (HVACR) Duty Cycle Optimization technology features controls to be utilized to retrofit existing compressors used in Large residential homes, Retail, Commercial, Industrial, State and Municipal buildings heating, ventilating, air conditioning and refrigeration systems to improve energy efficiency by reducing the compressor run time to an optimum operating period. The controller causes the compressor to operate more efficiently by determining the optimum compression cycle for the HVAC refrigerant and turning the compressor off for a longer time during the new cycle period. The reduced cycle and shorter compressor run time reduces the refrigerant unit's demand and energy use while maintaining the original thermostatic set points. The Department approved an incentive level of $46 per ton, capped at $625 per unit, for this technology, which assures the 2:1 payback threshold is supported.

Savings of 10-20% for Gas Heating and 15-25% for Air Conditioning can be realized through the EEP Program. In addition to sizable incentives, the EEP Program also offers financing to qualified applicants. This enables efficiency measures to be installed with no upfront capital, allowing the energy savings to pay for the improvements.

About the Electric Efficiency Partner Program (EEP):

The Partners Program offers funding for the deployment of demand-side management technologies that conserve energy and reduce Connecticut's peak electric demand.

The Department approves Electric Partners, the companies that implement the program, and Partner Technologies, energy efficient technologies that generally do not qualify for incentives under the programs funded by the Connecticut Energy Efficiency Fund.

About NEEM:

A leading Connecticut-based energy service company with a national client base, NEEM was the first approved General Partner in the EEP Program and has recently been granted approval for the PaceControls Technology in it's role as an EEP Partner. NEEM will deploy a marketing campaign featuring the PaceControls Technology, reaching out to HVACR Contractors and end users in Connecticut.

Scott Hinson, President/CEO of NEEM, noted "We are excited about the large potential to expand our services to clients in Connecticut under the EEP Program. In addition to providing lighting retrofit services through CL&P and UI's SBEA and EO Programs, we are now able to implement demand response technologies and deliver 15%-20% average HVACR electric & gas savings to ratepayers in the residential, commercial, industrial, retail and public sector markets."

Contact: EEP@newenglandenergy.com

www.NEEMGoGreen.com