For the first time, an electric utility is testing a 20-year model to purchase metered energy-efficiency savings. The agreement between Seattle City Light and the Bullitt Foundation is designed to make deep energy efficiency in new and existing commercial buildings economically feasible.

“This is a great partnership between the City and the private sector to encourage energy efficiency,” said Seattle Mayor Mike McGinn. “I hope this project can serve as a model for others to save money, reduce energy usage, and cut our carbon emissions.”

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