The aim of this program is to reduce both the cost of living and greenhouse gas (GHG) pollution.
Annual strata fee reduction is a major focus, because the savings potential with energy upgrades is typically a good investment. So analysis will be on the numerous opportunities in common areas.
Often people don't realise how much energy and money is being wasted in the hidden areas of buildings, so a report by specialists will clearly quantify that, and make recommendations for the Owners Corporation to follow up on.
Approving upgrades is easier than many people realise, needing no more than 25% of people to agree to upgrade (which is different to the common myth of 75% needing to approve).
When the options are clearly illustrated with a good report, the thinking becomes... why wouldn’t we upgrade, given the financial benefits!
This program will offer - at no cost:
- For the common areas of buildings energy assessments performed by industry specialists.
- Detailed reports which will clearly illustrate the financial case for upgrades.
- Attendance at strata meetings if requested to help communicate benefits of building upgrades.
- General support.
- Workshops and information sessions for apartment residents.
The scheme will be for sustainability assessments and reports on 30 residential apartment buildings, made up of 10 assessments for each of the following sized apartment buildings:
- 10 units or less
- 20 units or less
- 21 units or more
- (Mixed residential and commercial buildings will also be considered)
5 x NABERS assessments funded up to $1500.
10 x specific solar feasibility assessments.
7 x feasibility studies as required for special and complex opportunities such as renewable heat for space heating or centralised hot water system (HWS) fuel swapping, or complex solar opportunities.
Did you know?
- Most apartment buildings will benefit with efficiency upgrades in common areas.
- Around 75% of local residents live in apartments in North Sydney.
- Renewable heat and electricity can both replace imported grid gas and electricity.
- Renewable heat is perfect in shady areas, at night, or if cloudy, unlike solar electricity, and can provide space heating and domestic water heating.
Energy Cost savings
- Solar electricity - solar panels for rooftops.
- Renewable heat from the sun - for space heating and water heating.
- Energy efficiency - why waste energy?
- All-electric buildings offer the only path to zero emissions electricity and cost savings.
- Often upgrades offer investment opportunities with an internal rate of return (IRR) between 15-50%1, which will likely be one of the best investment returns you’ll ever make.
- Simple payback periods are commonly as short as 2 years.
1 Based on recent upgrades.
Smart Energy Future
Find out the best ways to get renewable energy for your own specific building and occupancy type (see the avatar info sheets).
This program, will be reviewed by Council periodically until project completion on 30 June 2020.