Lower your energy bills with efficient heating solutions
Energy costs are among the biggest monthly bills for owners of multi-unit residential buildings, so making energy-savings improvements is crucial to controlling those expenditures.
Installing a new high-efficiency heating system or replacing aging boilers or furnaces is one of the most effective way to cut energy bills, as well as reduce carbon dioxide emissions. While furnaces and boilers can be retrofitted to increase their efficiency, the costs of those retrofits should be weighed against the cost of a new boiler or furnace, especially if replacement is likely within a few years.
If you choose to replace your heating system, you will have the opportunity to install equipment that incorporates the most energy-efficient heating technologies available. Older equipment may operate at 60 per cent efficiency, (compared to 85 per cent or better for new equipment), and could cost substantially more to operate.
Incentives for reducing natural gas consumption
By upgrading to high-efficiency boilers, condensing furnaces, and domestic hot water heaters, you may also be eligible for financial incentives from Enbridge Gas’ Affordable Housing Multi-Residential Conservation Program. Under this program, you can make capital improvements that reduce the gas consumption of your building and get cash back.
If your furnace or boiler is old, worn out, or inefficient, the simplest solution is to replace it with a modern high-efficiency model. Installing a condensing boiler or furnace will improve the living conditions of your building, lower your energy use and reduce your operating costs dramatically.
Condensing boilers use natural gas to heat water for space or water heating. During this process, heat is extracted from exhausted flue gases lowering the temperature of the flue gases below 60 C. As a result, the gases condense to liquid form, which releases latent heat that can be captured and used to reheat the return water.
The re-use of latent heat, which otherwise would be exhausted with a conventional boiler, saves energy and improves efficiency.
To make sure a condensing boiler will be the right fit for your building, consult an HVAC or engineering consultant who can evaluate suitability, savings and how to improve your heating system for ideal condensing conditions.
Another reason to upgrade is that mold spores, bacteria, and fungi can invade the surfaces of coils in aging equipment. Left unchecked, buildup of these contaminants can reduce system efficiency and release potentially harmful pollutants and unpleasant odours into the air your tenants breathe.
Upgrading your heating system will mean greater comfort for tenants, immediate efficiency improvements, reduced operating costs and ongoing energy savings.
For information on how to apply for the Affordable Housing Multi-Residential Conservation Program and available incentives, visit enbridgegas.com/affordablehousing.