Braintree, MA – Peabody Properties, a full-service real estate and property management firm, has attained a total of $15 million in no-cost energy retrofits throughout its portfolio of managed communities as a result of recent retrofitting projects.
With the addition of new technology to existing systems, savings has been realized in lighting, refrigeration, boiler, water and weatherization:
- Lighting retrofits value: $7,329,237
- Refrigeration retrofits value: $683,013
- Boiler retrofits value: $5,778,504
- Water retrofits value: $315,413
- Weatherization retrofits value: $1,739,629
Combined, these efforts equal $15,845,796 in no-cost energy retrofits, and millions of dollars in energy savings, which have been passed on to Peabody Properties’ communities and residents, as well as reinvested into other energy-efficient efforts for additional savings and lessened environmental impact. Additionally, the owners of these properties have also realized positive impacts to their bottom lines.
These retrofits are the result of positive, established working relationships with many Massachusetts-based groups whose missions are focused around bettering the lives of affordable housing residents throughout the state through energy improvements. In particular, Peabody Properties has worked with the Low Income Multi Family Retrofit Program (LEAN), and specifically the team at ABCD, led by Ken Rauseo, to secure these equipment retrofits that provide better functionality with reduced energy usage.