Last updated on April 16, 2014 at 12:40 EDT

Pelletco Offers Groundbreaking Heating Cost Reduction Program to Northeast Schools

May 7, 2012

ORONO, Maine, May 7, 2012 /PRNewswire/ — Not too long ago, the need to trim school budgets would place sport teams or art programs at risk. Unfortunately today, headlines more often report that teacher jobs are now the victim of drastic cost-cutting measures, often citing rising fossil fuel costs which can destroy even the most responsibly managed school budget.

In a groundbreaking, first-of-its kind program, Maine-grown Pelletco, a leader in patented biomass fuel technology, is offering a limited number of school districts across the Northeast the opportunity to reduce heating expenditures for this coming school year – a savings that could very well mean saving teacher jobs, with NO INCREMENTAL EXPENDITURE.

Heating costs are one of the most significant line items in municipal budgets, compounded by the fact that annual increases in fossil fuel prices are hard to predict. As a result, many schools districts are examining alternative heating sources and searching for economic value. Wood pellets provide a viable option.

“With lower levels of sulfur and nitrogen oxide, modern wood-burning systems such as pellets or chips are widely regarded as a more environmentally friendly option than heating oil,” said Pelletco CEO Jim Knight. “Moreover wood pellets offer significant price savings over fossil fuel (50 percent) and propane (75 percent), savings which most school districts really need.”

Pelletco was formed in 2010 to produce, market and distribute patented bio mass fuel technology in North America. The rapidly rising costs of fossil fuels, combined with the need for a more sustainable, renewable and local energy source in the Northeast, drove the company to pursue the development of a new patented high-performance pellet fuel.

For the month of May, Pelletco is offering school districts across the Northeast – who meet certain criteria – the opportunity to change over to wood pellet systems at NO CAPITAL COST. Pelletco will provide environmentally friendly wood pellet boilers to heat a school and charge the school districts only for the heat consumed on a BTU-metered basis.

According to Knight, several school districts in Maine are already seeing the cost savings from transitioning to wood pellet systems. However, most school districts are tied to fossil fuel and the significant cost to fill their tanks.

“Through our supplier relationships, Pelletco has a limited window of opportunity to remove the largest barrier of capital cost from the equation for qualifying school districts,” said Knight. “If the commitment is made by the end of May, the new system can be in place and the savings realized by the start of the 2012 school year.

“Based on current fossil fuel costs, it would be more expensive for school systems to take no action,” added Knight.

In order to be eligible, a school building needs to burn an average of 15,000 gallons of fossil fuel a year on a hot water thermal heating system. Interested school district managers or Superintendents should contact Pelletco at program@thePelletco.com to learn if their school qualifies.

For additional information about Pelletco, visit http://www.pelletco.com

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Laura Peet
(917) 860-6285

This press release was issued through eReleases(R). For more information, visit eReleases Press Release Distribution at http://www.ereleases.com.

SOURCE Pelletco

Source: PR Newswire