Energy Saving Initiatives in our
Community.
During 2019,
our community undertook two major initiatives to conserve energy and significantly
reduce our energy costs.
LED lighting
was implemented into the Clubhouse. Your
Board applied for and was approved for a grant in the amount of $4,600+ to alleviate
our investment cost. The conversion work
is now completed for the entire Clubhouse, and
FSW will begin realizing a 30 % – 35 % annual reduction in electric costs in
conjunction with our second initiative.
In addition
to the reductions already being realized, JCP&L has implemented a 4 % rate increase; so our reduction in usage will
translate into additional cost reductions since
delivery charges and other fixed charges (you also see these items on your home
electric bill) are based on usage.
Your Finance Committee members, Ed Cook and Gary Cadamatori, monitor costs and usage on a monthly basis. Their base line for the comparisons, which contain formulae for the number of days/month, is based on historical billings to FSW from 2018 and 2019.
The second
initiative was the installation of a solar energy system for our
Clubhouse. FSW recently received its
Certificate of Approval for the system from Wall Township.
JCP&L has installed a meter designed for monitoring solar energy
savings. Our solar system in the
Clubhouse went “live” on March 13th.
Quarterly we will receive revenue produced by these energy savings.
As above, Gary
& Ed will also be monitoring the savings and usage reductions from the solar
system and will calculate the combined dollars and cents savings for our
community.
Submitted by Ray Kaden and the
Finance committee.