Working with FirstService Residential, the condo board of a Gold Coast association ordered a third-party energy and lighting audit to see what kind of cost savings were available. These types of audits analyze a building’s energy usage, the capacity of its boilers, chillers, lighting systems and other utility-related mechanicals. The study can estimate how efficient these systems are and how close they are to the end of their lifespan, so the board of directors can determine whether they should be replaced or perhaps retrofitted with more energy efficient components. The study can also identify how much the community will save and what programs or incentives are available to help offset the cost of the investment.
The condominium association’s community manager worked with Robert Meyer, the director of FirstService Project Management, a division of FirstService Residential. They brought strong recommendations to the association’s board of directors based on the results of the audit, which pointed out that substantial savings were possible with upgraded lighting. The association was able to save $32,979 annually in lighting expenses by replacing their old, inefficient lighting with LED lighting systems. Once the equipment was installed, they received nearly $3,500 in rebates from the utility company and expect to save more than $144,985 over the life of the new LED lighting. The investment in new equipment paid for itself within one year of operation.
FirstService Residential has deep expertise in working to improve the energy efficiency, and exceptional resources to implement the recommendations resulting from an energy audit. Ask your community manager about how you can take advantage of energy efficiency upgrades.
The Association
Working with FirstService Residential, the condo board ordered a third-party energy and lighting audit to see what kind of cost savings were available. These types of audits analyze a building’s energy usage, the capacity of its boilers, chillers, lighting systems and other utility-related mechanicals. The study can estimate how efficient these systems are and how close they are to the end of their lifespan, so the board of directors can determine whether they should be replaced or perhaps retrofitted with more energy efficient components. The study can also identify how much the community will save and what programs or incentives are available to help offset the cost of the investment.
The condominium association’s community manager worked with Robert Meyer, the director of FirstService Project Management, a division of FirstService Residential.
The Solution
They brought strong recommendations to the association’s board of directors based on the results of the audit, which pointed out that substantial savings were possible with upgraded lighting. The association was able to save $32,979 annually in lighting expenses by replacing their old, inefficient lighting with LED lighting systems. Once the equipment was installed, they received nearly $3,500 in rebates from the utility company and expect to save more than $144,985 over the life of the new LED lighting. The investment in new equipment paid for itself within one year of operation.
The Results
Once the equipment was installed, they received nearly $3,500 in rebates from the utility company and expect to save more than $144,985 over the life of the new LED lighting. The investment in new equipment paid for itself within one year of operation.