PROJECTED PECO INCENTIVES$34,500
Market TypeMultifamily Market Rate
Property ManagementBozzuto Management
Retrofit Underway: Located in the heart of Philadelphia, 1500 Locust needed a plan to reduce high operating costs resulting from the use of district steam. After analyzing their utility bills with EnergyScoreCards, Bright Power suggested that a cogeneration system could be a great investment. It would replace the steam used to generate domestic hot water (DHW) with a gas-fired system, while also offsetting much of the property’s electric usage with cheaper electricity produced on-site.
The potential savings from the cogeneration system were attractive but involved a large upfront capital investment. Given the complexity of the equipment and the community’s existing systems, we first performed an in-depth feasibility study to vet installation options, determine likely installation costs, and anticipate annual owner savings.
Once the management team was confident in the investment analysis, Bright Power moved into the design phase, establishing the owner’s performance requirements, designing the system, and managing a competitive bid process to select the contractor. After installation is complete, we will commission the system to confirm the equipment operates according to specifications. Bright Power will then monitor and report utility costs to verify the project meets expectations.
- Installing a rooftop mounted 75kW cogeneration system
- Installing new domestic hot water (DHW) piping
- Installing new DHW storage tanks