2. December 11, 2014
Belay Energy has done an outstanding job educating us on the
potential of various energy saving projects for our rental properties.
Belay provided us with an excellent up front financial analysis explaining
the costs and the estimated savings and then managed all the
appropriate subcontractors and rebate paperwork for us to realize
the savings. Working with them was a breeze.
I really have appreciated Belay’s commitment to the one year follow up
which has consistently demonstrated actual savings equal to or usually
greater than the original estimates. They do all the leg work with the
utility companies to get the data needed for the follow up.
Belay was very easy to work with. Ryan and his team are clearly
industry thought leaders. I wish we could have started working with them
much earlier. We had been leaving a lot of money on the table.
There are so many cost saving opportunities for rental property owners.
An owner would be foolish to ignore the potential. Not only is it the
right thing to do from the “green perspective”, it is also money in your
pocket, a true win/win.
Dave Dahl
President
Cambridge Apartments, Inc.
TESTIMONIAL
Cambridge Apartments, Inc.
Commercial Real Estate and Apartments
3. GOALS:
Identify and implement opportunities to
reduce utility and operating costs with energy
efficiency investments
Identify risks to facility operations
Identify, source, and install projects in order
to maximize diminishing utility rebates
Projects must realize a simple payback of less
than five (5) years
SCOPE:
Lighting retrofits installed in 5 facilities
Water retrofits installed in 4 facilities
Measured results do not include West View
Business Center and Parker’s Lake due to
NNN lease structure
MN FACILITIES WITH PROJECTS INSTALLED
PROJECT SUMMARY
4. 82%
17%
1%
$43,500
Annual Utility Savings*
Utility Rebates
Negotiated Contractor Discounts
* Measured Savings represented are realized annually
All numbers are inclusive of fees to Belay Energy
Gross Total Project Cost $78,430
Less: Total Utility Rebates $7,590
Less: Negotiated Discounts $600
Net Total Project Cost $70,240
Annual Utility Savings $35,382
Payback (years) 1.99 yrs
10yr Estimated Net Cash Flow $335,371
Year 1 Cash on Cash Return 50%
Internal Rate of Return (IRR) 52%
Net Present Value (NPV) @ 8% $196,896
MEASURED ANNUAL UTILITY
FINANCIAL RESULTS
5. Water usage of 156 Minnesota
households for one year
Emissions produced by the electricity
used in 3.2 Minnesota homes for one year
Carbon reduced by planting 910
tree seedlings grown for 10 years
Emissions produced by 7.5
passenger vehicles for one year
ENVIRONMENTAL BENEFITS
* Equivalent water measure based on 3.99 million gallons saved and conversion rate of household water usage supplied by Minneapolis Public Works
* Equivalent electricity measures based on 51,489 kWh saved and conversion rates supplied by Environmental Protection Agency (EPA)
6. B E L AYE N E R GY. C O M
C O N T A C T I N F O R M A T I O N :
RYAN LEE ANDERSON
Principal
612 802 4287 mobile
ryan@belayenergy.com
