ROSEMEAD PLACE: MULTIFAMILY EFFICIENCY RETROFIT
For the refinancing of their green loan, the lender required at least a 25% energy & water savings. Aging systems, leaking pipes, and deteriorated insulation had to be addressed.
Green Econome upgraded the domestic hot water (DHW) with 96% efficient, tankless water heaters. Pipe insulation was replaced with new self-sealing insulation, providing longer life. Low-flow water fixtures and LED lighting was installed in units, while LEDs were also installed in the common areas and underwater pool lights. The single-speed pool pump was replaced with a more efficient, variable-speed pool pump.
Client
MASHCOLE PROPERTY MANAGEMENT, INC.
Property Type
131-UNIT MULTIFAMILY COMPLEX
Project Type
LED LIGHTING, DHW, WATER RETROFIT
Incentive
SOCALREN MULTIFAMILY PROGRAM
PROJECT RESULTS
PRE AND POST-INSTALLATION COMPARISONS
25%
Energy (kWh) Reduction
7%
Energy Cost Reduction
$76,148
Incentives Received
$57,900
Net Project Cost (with
Incentives)
3 Years
Payback Period
$351,399
Increase in Property
Valuation
JOEL Z., MASHCOLE PROPERTY MANAGEMENT, INC.
Green Econome was able to help our team navigate our green loan requirements at this property. Not only did they install the efficiency measures, but they managed city permitting issues and incentive applications. Thanks to the project cost savings earned, we were able to allocate funds to improvement projects at other locations.
