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Avista Presents Energy Efficiency Rebate Check for over $100,000 to Intermountain Community Bancorp

Incentives offered by Avista to its Idaho customers have resulted in a $110,524 rebate to Intermountain Community Bancorp for the installation of a high efficiency natural gas water source heat pump system in its new Sandpoint Financial and Technical Center. Under Avista’s programs, the rebate amount is calculated based on expected annual energy savings of a project.

 Avista anticipates the high efficiency system will save Intermountain Community Bancorp over 200,000 kilowatt hours of electricity and over 28,000 therms of natural gas per year, or about $40,000 in annual energy costs. The energy savings equal the average amount of electricity used by 15 homes in one year and the average annual amount of natural gas used by about 36 homes.

 

“When we started designing the Sandpoint Center, our goal was to utilize the newest technology in energy efficiency,” said Travis Kaul, Sandpoint branch manager for Intermountain Community Bancorp. “When Avista came to us with information regarding a rebate for installing the systems we chose, we were surprised. The bank’s focus was on being a good community citizen and building responsibly.”

 Sharmon Schmitt, Avista’s regional account executive for northern Idaho, said Avista’s energy efficiency rebate and incentive programs are a win-win for the company and for customers.

 

 “It is more cost-effective for Avista to offer rebates and incentives to customers who install more energy efficiency equipment and use less energy than it is for Avista to build new generation or purchase more energy, “ Schmitt said. “Plus, it’s better for the environment and the programs can help customers manage their energy use and costs with rising energy prices.”

 

 In 2007, Avista’s Washington and Idaho customers received more than $9 million in energy efficiency rebates and incentives and saved 53.7 million kilowatt hours – enough energy to power over 4,500 homes – and more than 1.5 million therms of natural gas. Information on the programs available to Avista’s residential, commercial and industrial customers is available at www.everylittlebit.

 

 Avista Corp. is an energy company involved in the production, transmission and distribution of energy as well as other energy-related businesses. Avista Utilities is our operating division that provides service to 352,000 electric and 311,000 natural gas customers in three Western states. Avista’s primary, non-regulated subsidiary is Advantage IQ. Our stock is traded under the ticker symbol “AVA.” For more information about Avista, please visit www.avistacorp.com. Avista Corp. and the Avista Corp. logo are trademarks of Avista Corporation. All other trademarks mentioned in this document are the property of their respective owners. addition to those discussed herein, all of the factors discussed in the company’s Annual Report on Form 10-K for the year ended Dec. 31, 2007.

 

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Editor’s Note – Avista’s Greg Gfeller, Sandpoint area district manager, and Sharmon Schmitt, regional account executive for northern Idaho, will present a check to Travis Kaul, Sandpoint branch manager and Curt Hecker, Intermountain Community Bancorp chief executive officer, on Thursday, May 15, at 10:00  a.m. at Intermountain Community Bank, N. 204 5th Street in Sandpoint.

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