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This case study covers how Energy Conservation Measures (ECM) coupled with Commercial Property Assessed Clean Energy (C-PACE) can make buildings better members of society!
DMA assessed the stated issues and compiled a range of design solutions using energy modeling to accurately compare energy conservation measures. Meeting the required ASHRAE Level III Energy Audit for CPACE, the building was upgraded with LED lighting, new roof covering, the addition of roof installation, window replacements, advanced controls, condensing unit for the boiler plant, rooftop units, and corresponding HVAC equipment. The total lifetime net savings of these upgrades equates to $600,000 and 484,000 kWh of energy.
These energy conservation measures decreased energy cost, increased building cash flow, reduced routine maintenance and increased occupant comfort.
Key Take Away
Capital improvement projects may initially seem costly, however, the building enhancements and ECMs ultimately pay for themselves through the energy savings. When considering recurring maintenance costs the building owner realized a net savings. Without CPACE financing the building owner would not have been able to perform the required upgrades.
The building at #2 Inverness was in need of an HVAC systems upgrade. The rooftop units were having compressor failures and the controls were pneumatic controls. The roof had significant yearly repair bills and needed replacement. DMA Engineering was contracted to assess a 50,000 square foot office building in Englewood, CO, to evaluate how the Heating, Ventilation, and Air Conditioning (HVAC) equipment was operating, and propose design solutions to remedy the excessive energy use and high maintenance costs.
Colorado C-PACE is a tool designed to enable owners of eligible commercial and industrial buildings to finance up to 100% of energy efficiency, renewable energy, and water conservation eligible improvements to their building with no money upfront or out of pocket.
Benefits of CPACE
- Improve value by lowering operating costs
- Financing is repaid on property bill tax
- Better interest rates
- Longer repayment terms
- Fully fund capital improvements
- Earn 4% on project management fee
- Lower operating cost (OPeX)
- Linked to the property
- Transfer over with new ownership
- Align incentives for landlords and tenants