THE PROPERTY: 607 - 611 HERITAGE DRIVE
Located in the tranquil beautiful area of Kitchener's Stanley park, this property is minutes from hwy 8 access to 401. Conveniently located within walking distance of Stanley Park Mall, recreation center and convenience stores.
PRE-RETROFIT LIGHTING ENVIRONMENT
These properties offered an opportunity to significantly lower utility/electrical costs within the common areas and insuite units. Existing fixtures included incandescent lamps including exit signs, and T12 linear fluorescent fixtures with magnetic ballasts. Note: Retrofit did not incorporate underground parking.
CUSTOMERS OBJECTIVES
THE RETROFIT SOLUTION / SCOPE OF WORK
Features | Summary |
Total Project Cost $ | $47,453.00 |
Financial Incentive (save-ON-energy) | $23,726.50 |
Residential Education Program Incentive (save-ON-energy) |
$2,372.65 |
Net Project Cost | $21,353.85 |
Payback | 0.73 |
ROI | 137% |
Annual (Perpetual) Savings | $29,276.00 |
Josh Silber offered praise on the professionalism of the MultiLogic Team for getting the installation done with minimal disruption to the tenants and overall; "doing a great job".
Mr. Silber said he is anxiously awaiting his new lower energy costs!