Improve buildings and you improve people’s lives
A whopping 33% of the U.S. population lives in a rented apartment, and these apartments are power guzzlers. We can reduce their power bill by 2/3 with Green Retrofits and solar panels.
10 UNIT EXAMPLE:
We purchase a 10 unit building for $1,800,000 with a 25% down payment, ($450,000). We add an additoonal $70,000 into the loan for energy efficiency retrofits and solar panels. We have reduced the utility bill by 2/3. We then increase the rents to reflect the tenant’s utility bill expense plus their Wi Fi payment, and keep the spread as profit. We advertise to the tenants: Free utilities and Free Wi-Fi in a Low Carbon Footprint environment.
Facts and formulas:
According to the U.S. Energy Information Administration, Californians consume an average of 562 kilowatt hours per month. They pay an average of 16.25 cents per kilowatt hour, and have a monthly bill of $104.00. Add a $39.00 Wi Fi bill = $143.00 total monthly utility bill x 12 months = $17,000. Add $5,000 for water heating and house lighting = $22,000 annual utility cost. We have reduced this to $4,500 per year thru our retrofits, or by about 2/3.
We then green retrofit and reduce the electric bill by 40%, (per Build It Green California), from $22,000 to $13,200, Expressed in kWh: 562 watts Less 40% = 337 kWh x 10 units = 3,337 kWh per month X 12 months = 40,000 kWh per year.)
Solar Panels power formula:
40,000 kWh / 1.50 solar production ratio = 26,665 kWh / 300 watt panels =88 panels. @ $600 installed each = $52,800 in solar panels
COST OF RETROFIT:
$52,800 = 88 solar panels.
$10,000 new solar water heater
$ 7,200 insulation, led lights, caulking and repairs
$70,000 @ 5% for 30 years = $375 per month
Basic Green Retrofit steps:
1.Solar Thermal Hot Water Heater:
Solar water heating systems can typically reduce natural gas demand 60% to 70%. Solar thermal uses the sun’s energy to pre-heat water to a hot water storage tank. Heating represents 40% of a typical power bill.
2.Seal building envelope air leaks, Add ceiling insulation, seal air conditioning ducts-possible 30% leakage.
3.Replace light bulbs with
LED and CFL light bulbs. About 20% of your electric bill is lighting. LED and CFL bulbs draw about 80% less energy than a regular bulb.
4.Energy Star rated appliances:
Replace old stoves and refrigerators with
Energy Star rated appliances that operate more efficiently.
5.Drought Tolerant landscaping: We can reduce outdoor water usage by 95%, while giving our building a whole new look.
6.FREE Wi-Fi Hot Spot for all tenants.
7.On Site Recycling
8.Solar Panels: We can now collect the payments from our tenants electricity use.