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M A Y , 2 0 1 6
CONDOMINIUM APPROVAL EXPERTS
FHA Condominium Project Approvals
(New, Established & ReCerti cations)
FANNIE MAECondominiumProjectApprovals
w w w . P R O J E C T A P P R O VA L S . c o m
Call Phil Sutcli e 215.368.9452
5 North Cannon Ave. Lansdale, PA 19446
fees. The most cutting edge oppor-
tunities for the mechanical systems in
buildings of this type are the available
incentives in New Jersey to allow
for upgrading these systems to take
advantage of energy efficient tech-
nologies. One of the best programs
is known as the Pay 4 Performance
Program. In this program if a building
can show that by making a minimum
of two changes to the energy con-
suming parts of the systems, a 15%
decrease in energy consumption is
possible and incentives are available
to fund having this work done. What
makes this program even more excit-
ing is that the incentives are based on
the actual performance of the build-
ing over a year time’s frame. If more
energy than is anticipated is saved,
the incentive will be even higher. To
qualify for this program the building
must be of a certain minimum size.
As part of the incentives, the cost of
the engineering is also partially fund-
ed. To investigate this program the
association must work with a Pay 4
Performance partner approved by the
state such as Energy Squared. With
a community association this type of
program can be even more attractive
since it does not require a contribution
of the reserve funds that have been
accumulated for the replacement of
the equipment.
A great way to explore these types
of life cycle cost opportunities for a
high rise is through the use of a Green
Reserve Study which not only is based
on replacement costs of the common
THE HIGH RISE...
from page 36.
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