The original boilers were inefficient and in need of costly maintenance and repairs
The original system at this 94 unit suburban condominium building was approaching 40 years old and in need of repair and parts replacement. Routine and non-emergency maintenance was very expensive.
The old, inefficient boilers and hot water holding tank were replaced with 96% efficient boilers and 99% efficient indirect water heaters.
The high efficiency equipment saved 31,600 therms annually and the investment had a cash-neutral impact on the association. No special assessment was needed, and the utility rebate and gas savings realized paid the monthly low-interest bank loan within 7 years. When paid off, the association will have in excess of $40,000 per year to fund other projects.
New indirect water heaters are 99% efficient
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