Townhome style, built 1967
Central HVAC plant (chiller, cooling towers, boilers, pumps), underground hvac piping with insulation to distribute heated/chilled water
All equipment is near end of useful life
The association will spend upwards of $3M for like-kind replacements in near-term. They will spend another $6.7M long-term for underground distribution line replacement.
Reserve study helped the association identify the total near term costs so that this could be compared against new system design, as the new system would abandon the central system and opt for individual systems.
Reserve Study not only helped identify upgrade costs, but also captured 20 year cost of replacing the distribution piping
Knowing near and long-term operational cost savings helped the association to decide if the more expensive near term project was worth it.
Knowing “total” cost can help association better understand real pay-off of operational savings
Lower utility bills for association by upgrading to higher efficiency equipment
Reserve study considered equipment costs from vendors and included energy audits
Facing a major system replacement? We help HOAs make smart, data-driven decisions. Schedule your reserve study consultation today.
