Utility Cost Reduction for Apartment Complexes & Buildings
We perform Energy & Water Audits for
Asset Management Companies considering Acquistions and Current Owners / Operators
Apartment Acquisitions
Cost Containment Engineering, Inc. can participate in your due diligence process to help buyers understand the options for reducing utility/operating costs:
Perform an on-site energy audit at the property being considered for acquisition.
Provide you with a written report discussing site specific options of the targeted property, and a list of practical improvements for reducing electricity, natural gas, and water/sewer costs, including estimated improvement costs, projected utility cost savings and ROI for each option.
You can can utilize our list of potential utility cost saving improvements, and consider including funding for those improvements in your business plan. Re-calculate net operating income based on lower utility expenses to understand how these utility efficiency improvements would enhance the return on investment.
This due-diligence activity is particularly valuable when considering older properties which generally tend to have antiquated, inefficient energy and water consuming equipment.
Assist Current Owners Combat Escalating Utility Costs at their Properties
Written engineering report identifying cost effective measures to reduce electricity, natural gas and/or water & sewer costs.
Provide advice on specific types of equipment retrofits to improve energy and water efficiency at your property, including estimated installed equipment costs and projected utility cost savings.
We offer unbiased, professional advice and recommendations - we do not sell equipment. We can help you select reliable energy and water efficient replacement equipment, without prejudice to a particular manufacturer or installer.
Improve net operating income, profitability and enhance the property's market value.
How much does an energy and water audit cost?
A typical energy and water audit of an apartment property costs in the range of $5,000 to $6,000 depending on location and other factors. This modest cost is justified when it improves your decision making process for a mult-million dollar investment.
All of the pictures below have something in common - they depict inefficient equipment that is wasting energy or water.
Old, inefficient air conditioning units and obsolete central chilled water systems are wasting electricity. What would it cost to install more efficient cooling equipment, and how much would it reduce your electricity bills?
Old, inefficient domestic hot water boilers and space heating boilers could be replaced with modern, energy efficient equipment to reduce natural gas costs.
The kitchen depicted above illustrates an inefficient light fixture, refrigerator and dishwasher. More energy efficient replacements are available for all of these items.
20 plus year old toilets waste a lot of water. Low flow toilet designs have evolved during recent years - reliable, water efficient toilets are available, and will generally provide a good return on investment.
Those incandescent porch lamps, when multiplied by the number of apartment units, waste a lot of energy. Cost effective replacements are available.
Cooling towers help reduce electricity use in central chilled water systems, but this one is wasting water. It needs some maintenance and operational improvements.
To discuss our engineering services, or request a proposal for an Energy Audit of a specific property, please contact:
