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Florida Institute of Technology

Structured financing for Siemens building equipment

Challenge

Florida Institute of Technology (FIT) needed to replace inefficient lighting, HVAC, plumbing and other equipment throughout its campus.

Solution

Siemens Building Technologies supplied an energy conversion solution to meet FIT's needs. Siemens Financial Services was able to finance the $10 million project for FIT.

Benefits to the Customer

The annual energy and utility savings generated by the new equipment will exceed the annual cost to finance the entire project. For FIT, the project will pay for itself over the 10 year financing term.

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