Energy Efficiency + Nonprofit = Savings for Wainwright House

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Project Profile

“This is a capital investment that improves all three buildings, reduces equipment maintenance costs and increases comfort for all occupants. We focused on energy conservation as well as increased efficiency in every possible way—from insulation to equipment to LED lighting. With the availability of financing, it just makes sense for us to control expenses as a not-for-profit.” --Judy Martin, Wainwright Trustee and energy advisor, Green Home Consulting


Project Cost $313,866
Incentives:  
Con Edison total incentives $20,325
Term: 20 years
Interest rate: 6.13%
100% financed, 0 down  

Cost of financing: $30,546/yr
Energy savings:  $34,471/yr
1,500 MMbtu (Electric + oil)  
Cash flow to owner:  $3,926/yr

 

Energy savings estimated

Energy efficiency measures:

• Optimize temperature schedule and install new thermostats • Upgrade lighting to LED and high efficiency T8s and add lighting controls • Replace domestic hot water heater (DHW) and switch to natural gas • Install low-flow faucet aerators and showerheads • Insulate steam piping • Add insulation, air seal • Clean and seal ductwork • Replace cooling equipment • Replace boiler and convert to natural gas

Partner Information

Participating Municipality


Project contractors




Project partners