Friday, September 19, 2008

Methods for Association to Reduce Costs

One of the ongoing issues for unit owners is the relentless nature of annual assessment increases. These are necesary to combat the ever increasing costs of energy, for example. In this year alone, electricity is supposed to increase 6-1/2%.

The association has high efficiency lighting, but there should be some other great ideas out there. If you have any suggestions, let me know.

Here are a few "energy and utility" cost saving methods that might be appropriate for consideraton. Of course, there are other areas of operation in which savings might be achieved.

Solar Power Roof Fans.
Variable Speed AC Drive (VS) for stream pumps.
Ban on use of association water for cleaning automobiles, etc.
Energy Credits applied to Roof Projects and improved insulation? Note (1).

I am certain there are other areas that we could address, such as ongoing maintenance items.

Notes and Comments:
(1) This is added after the presidential election. President-elect Obama has stated that he wants to promote energy initiatives. It's too early to determine what will occur, but there may be incentives applicable to our roofing project.

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