July 2023

GOING GREEN... from page 14.

The work was well worth the effort. Despite the increased cost of energy ($7.32 per thousand cubic feet in April 2018 verse $11.69 in April 2022), the association spent only $60k on gas and $125k on electricity in 2022. Together, that is over 20% savings. Green Overhaul at Llewellyn Gates for 50% Reduction in Energy Costs Constructed in the 1950s, the Llewellyn Gates Condo development in West Orange, NJ consists of 80 units in 7 buildings. The community took on a full modernization/ energy savings program through PSEG which included interest-free financing and government rebates ($400k in savings) that accounted for half of the project cost. Llewellyn Gates upgraded to energy-efficient boilers, hot water heaters, and LED lighting. It also installed insulation in all common areas and attic spaces. The immediate savings covered the interest-free financing for the upgrades and the balance will be paid off in just seven years. After that, the combined energy savings will save the association 50% on their prior energy costs. “We are extremely proud of this project,” said Cedarcrest CONTINUES ON PAGE 18

New Boiler/Chiller Plant for a Better Bottom Line at Bellaire House Bellaire House Condominium Association is a 7-story residential building in Upper Montclair, NJ. With aging mechanical equipment on site, the community paid $70K on natural gas and $170k on electricity in 2018 and decided it was time to upgrade to a more efficient system. Boiler efficiency is measured in an annual fuel utilization efficiency (AFUE) percentage rate, which is the ratio of the boiler’s annual heat output compared to its total annual fos sil fuel energy consumed. Older boilers have 56% to 70% AFUE, whereas today’s high-efficient equipment options have an AFU of up to 98.5%. Similarly, modern chillers are vastly more energy-efficient than their older counterparts as mea sured by their coefficient of performance (COP). Hoping to realize the savings of more efficient equipment, Bellaire House Condominium Association opted to install a new boiler and chiller plant to integrate into the existing building infrastructure.

Over 35 Years of History

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For over 35 years, Wilkin Management Group has held to an unshakeable corporate philosophy of Creating Value for Our Clients.

With locations in Northern and Central NJ. Visit us on the web at www.WilkinGrp.com | 201.560.0900

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JULY 2023

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