…strata committees need to start planning for full electrification of their buildings. This issue is not going to go away…The committee has recently produced a case study on how it went about this project and what the financial outcomes have been…
Excellent. Well done.
In short, the power bills for common services have been cut by over 60% …
I always recommend that Owners Corporations (OCs) look to see first how solar, energy efficiency, gas replacement etc could create savings on common property expenses. An advantage of that is the costs are shared equitably in proportion to unit entitlements and the benefits resulting from lower on-going costs to the OC are automatically shared in proportion to unit entitlements. Consequently, there can be no complaint that the arrangements are not utterly equitable.
… the gradual introduction of electric vehicle charging…
Good. It’s not all or nothing. Every building is different but a key point with EV charging is that it can be incremental with sensible planning. Just don’t assume linear uptake; it’s exponential.
…We are quietly confident that over time, these changes will be reflected in higher market valuations of properties in the scheme as well as generating ongoing savings for owners and occupants.
Yep. I reckon people will be surprised how quickly all this is seen as crucial. We are in the exponential uptake phase.