We know it's going to cost $117 million dollars to complete the new Denny Sanford PREMIER Center in Sioux Falls. But it's also going to cost a lot of money every year to keep the lights on in the massive facility.
"A building this size obviously has a large air volume, so when it comes to heating and cooling, your gas and electric bills are rather high," SMG General Manager Terry Torkildson said.
Torkildson says the City estimates it's going to cost about a half million dollars a year to keep the lights on in the new Denny Sanford PREMIER Center.
$500,000 dollars seems like a lot of money and it is, but the City says it's actually saving money.
The City worked out a five-year deal with Heartland Consumer Power District to keep the lights on at a lower cost. As part of its Energy One Incentive Plan, the City won't have to pay the electrical demand charge which covers the cost of delivering power to the facility. That can sometimes be just as expensive as the gas and electric bills.
Because of the contract, the City is saving about $2.5-million dollars over five years.
Torkildson says that's a huge savings.
The City has installed more than 100 LED lights in the new Events Center, which is another bright spot when it comes to saving energy and money.
"The LED sports lights purchased as part of the project, they are going to save us about 60 percent of the usage and they are one of the biggest consumers of electricity when it comes to lighting," Torkildson said.
Just like your house, when it comes to heating and cooling, a lot of it depends on the weather.
Heartland adopted the Energy One Incentive program back in April. The new Denny Sanford PREMIER Center is the first customer to take advantage of the lower rates.