Successful crowdfunding campaign and installation of LED lighting in the Karolina High School, Szeged, Csongrád County, Hungary
Szeged, Csongrád County, Southern Great Plains region, Hungary
Crowdfunding Campaign for Energy Efficiency Project in Hungary. The project focuses on installing LED lighting in Karolina High School in Szeged, Hungary. The school was founded at the end of the 19th century, and an additional extension with a floor area of 1100 m² was built in 2001, which houses the kitchen, the dining room, the chapel and the sports hall. LED lighting was installed in the new extension, the aim of the project was to generate savings from reducing electricity costs for lighting in this additional section. The project contributes to climate protection in Hungary and also serves as an educational project to demonstrate to young people practical steps towards a low carbon future. Crowdfunding is not widespread in Hungary especially for energy projects, however this project demonstrates the feasibility of such solutions.
Benefits
- Proves the feasibility of crowdfunding in energy investments in Hungary
- offers lighting solutions that make it possible to make more economical use of worldwide resources.
- A dynamic annuity factor for consumption costs is included in all energy costs, which simulates an electricity price increase of 3.5% annually over the project duration.