{"id":725,"date":"2015-04-15T22:00:14","date_gmt":"2015-04-16T02:00:14","guid":{"rendered":"http:\/\/localhost:8888\/novitherm\/?page_id=725"},"modified":"2016-09-29T16:38:27","modified_gmt":"2016-09-29T20:38:27","slug":"reduce-heating-costs","status":"publish","type":"page","link":"https:\/\/novitherm.com\/?page_id=725","title":{"rendered":"Reduce Heating Costs"},"content":{"rendered":"
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We received comments from both our tenants and management staff. Thank you very much for a job well done!
\nAF \u2013 Larma Management<\/span><\/p><\/blockquote>\n

Based on heating cost savings of 10%, the typical payback by installing Novitherm Heat Reflectors is from 1 \u2013 5 years. By preventing heat loss through the exterior wall, improving heat circulation in your apartment building, and improving the efficiency of your water radiator, the room heats up quicker.<\/p>\n

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The Numbers<\/h1>\n

Average Heating Cost:<\/strong>
\nBased on an average 112 unit apartment building with an average heating cost of $45,318.51 per year (197,037m\u00b3 @ $0.23\/m\u00b3)<\/p>\n

Cost for product and installation of Novitherm Heat Reflectors:<\/strong>
\n$16,341.28 (installed by Novitherm Canada Inc.)<\/p>\n

Estimated payback:<\/strong>
\nCalculated heating cost saving of 10% per year: $4,532
\n$4,532 saved per year = 3.7 year payback (27% ROI)
\nGreenhouse gases saved per year: 37.24 tonnes<\/p>\n

A 10% savings on heating consumption (197,037m\u00b3) equals a reduction of 19,703 m\u00b3. At today’s gas rates, the value of savings at $ .23\/m\u00b3 = $ 4,532 per year (27% ROI)<\/strong><\/span><\/h6>\n

In this example, energy savings produce an increased building value of $74,299\u00a0\u00a0www.towerwise.ca\/calculators<\/a><\/p>\n

Invest your energy Savings \u2013 Increase your building value<\/h1>\n

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Use your savings from current lower gas rates to invest in the Novitherm\u2122 energy saving initiative.<\/h5>\n

Based on an average 112 unit apartment building
\nFour years ago, the cost of gas @ $ .46 per m\u00b3 was $90,637
\nDuring 2011\/12, the cost of gas @ $ .23 per m\u00b3 is $45,318
\nDifference (current savings)
\n= $45,319<\/p>\n

With today’s lower gas rates, NOW is the opportunity to invest in the future.<\/a><\/h1>\n
See our ad<\/a><\/h5>\n
Maintaining Optimum Revenue:<\/h5>\n

Novitherm Canada works with you to assist with the proper setting of your heating controls after the installation of heat reflectors. You can usually reduce your boiler water temperature by 10\u00b0F or more. To maintain optimum savings, it is essential for you to regularly re-commission the heating system.<\/p>\n

Comfortable energy efficient buildings are more appealing to perspective tenants and will help to retain occupants longer than an uncomfortable building would. Increasing the appeal and value of your property makes your building worth more to a future tenant or buyer.<\/p>\n

Energy efficiency upgrades are most cost effective when done in conjunction with other renovations.<\/p>\n