After 5 years, a strata scheme which participated in Willoughby City Council’s ClimateClever apartments program, now has some interesting results to show.
In 2011, the scheme spent $27,000 on energy efficiency projects, setting itself up with an additional $18,000 of cash flow each year through reduced electricity and gas costs.
After paying off the energy upgrades, the building has now re-invested $66,000 on building improvements, without impacting general building maintenance costs or raising any special levies.
What did they spend the accumulated energy savings on?
- Closed circuit video system to improve security: $14,245
- New security gate to stop unlawful use of visitors carpark: $2,530
- Extra intercom panel to remotely allow visitors to access carpark: $2,140
- New fences to improve aesthetics of a re-invigorated garden bed: $5,000
- New garden gate to reduce catching/noise complaints: $1,045
- Repaint front façade of building: $6,500
- Repaint common foyer, lift bays and apartment doors: $11,517
- Recarpet 6 levels of lift bays: $16,770
- New colorbond roof over water boilers to lengthen lifespan of key asset: $5,545