Mt. Oliver Borough will use a $27,159 state loan to upgrade its street lighting with high-efficiency fixtures and bulbs, according to state Sen. Jay Costa (D-Allegheny).
The funds were approved through the Commonwealth Financing Agency's (CFA) Alternative and Clean Energy program. The borough will use the $27,159 loan to purchase and install energy-efficient lighting upgrades that are expected to save the borough $4,128 in energy costs annually.
The project is expected to cost a total of $61,367 and involves replacing 85 street lights with energy efficient LED lighting. The borough also expects to replace 15 existing fixtures and upgrade to LED bulbs at 70 other locations throughout Mt. Oliver.
"Energy costs for street lights and other lighting in public areas can consume a significant portion of a municipality's annual budget," Sen. Costa said. "These types of projects to improve energy efficiency can pay for themselves over time, not only in lower energy costs, but also because modern LED bulbs last longer than traditional bulbs, which can reduce replacement expenses."
The CFA is an independent agency of the Commonwealth that administers Pennsylvania's economic stimulus packages.