LOUISVILLE - The town of Louisville is just one more winter season away from recouping the $30,000 investment it put into a new heating system at its municipal building.
Councilman Daniel OKeefe has been studying the savings.
This year he said the town purchased 65.5 tons of wood pellets at a cost of $12,119.35. Using the formula that one ton of pellets is equal to 120 gallons of fuel, at $3.28 per gallon, Mr. OKeefe said the town would have spent $25,776.97 on fuel.
Thats a 52.98 percent savings, Mr. OKeefe said, explaining that when the $13,657.52 the town saved this year, is added to the roughly $10,000 they saved last year, the $30,000 they spent to install the heating system is now looking like a bargain.
With another winter even comparable to the mild winter we experienced two years ago, Mr. OKeefe said the town will see its savings eclipse $30,000 sometime during the 2014-2015 winter season.
This was a good investment, Town Supervisor Larry R. Legault said.
Councilman Patrick D. Carroll added, This was a very good investment.
The $120,000 heating system was paid for with the assistance of a $90,000 grant from the River Valley Redevelopment Association. The grant had a $30,000 local share.
Were definitely saving money, Mr. OKeefe said. By the end of next winter we will have recouped our local share.