WOODRUFF VILLAGE: MULTIFAMILY EFFICIENCY RETROFIT
After refinancing another multifamily asset, the building owner began investing in energy and water efficiency portfolio-wide. Green Econome identified that aging equipment serving this entire property was starting to weather and break down.
Our retrofit solution included upgrading the domestic hot water (DHW) heaters and pipe insulation. LED lighting was installed across the whole building and underwater pool lighting. Low-flow water fixtures were installed in-unit for additional gas and water savings. The SoCalREN incentive program covered 74% of the project cost.
Client
MASHCOLE PROPERTY MANAGEMENT, INC.
Property Type
62-UNIT MULTIFAMILY COMPLEX
Project Type
LED LIGHTING, DHW, WATER RETROFIT
Incentive
SOCALREN MULTIFAMILY
PROJECT RESULTS
PRE AND POST-INSTALLATION COMPARISONS
27%
Energy (kWh) Reduction
11%
Energy Cost Reduction
$59,560
Incentives Received
$21,362
Net Project Cost (with
Incentives)
3 Years
Payback Period
$189,560
Increase in Property
Valuation
MARIKA ERDELY, GREEN ECONOME
The energy and water efficiency upgrades continue to show usage and cost savings at this DAC-designated property, contributing toward greater energy equity and positive environmental impact.
