Money for the project came from campus – not University of Maine System – reserves, which were built up through more than 20 years of careful financial stewardship. The University received a $50,000 Voluntary Renewable Resources Fund grant from the Maine Public Utilities Commission to go toward the project. The University also received assistance from the Rebuild America grant program through Efficiency Maine as administered by the University of Maine System’s Systemwide Services. The grant program paid for the wind feasibility study and helped with engineering fees.
Officials expect energy savings of $100,000 annually but are keeping in mind that future electricity rates will be unpredictable. However, officials note that savings are only one part of this important project – there are also carbon savings, the educational value, and community leadership aspects to be considered.