Financially Sound, Environmentally Friendly Solutions
Master-Metered Multifamily Lighting Energy Savings The KABR Group

380 & 402 Mt. Prospect Avenue
Newark, NJ 07104

Project Description

GreenLight worked with the KABR Group to lower the electric bills at their 225 unit, master-metered, multifamily buildings in Newark, NJ. The KABR Group manages more than $400 million worth of commercial and residential real estate throughout the United States and is based in Ridgefield Park, NJ. They specialize in acquiring financially distressed real estate assets and improving the performance of those buildings with the goal of selling them at a significant profit.

Due to the fact that these buildings are master-metered, there was an added urgency to lower the energy costs in the rental units themselves. GreenLight specified LED lighting for each of the rental units. This project required careful attention to the needs and requests of the tenants, who had historically been responsible for selecting their own lighting. GreenLight ensured that the color temperature and final appearance of the new LED lights was to the tenants satisfaction, thus enabling the KABR Group to achieve their goals of utility bills savings in a smooth fashion. The majority of the project cost was paid for through rebates GreenLight obtained from the NJ Clean Energy Program, thus making the project produce a return on investment in less than 1 year.

Results
Annual Utility Bill Savings $60,000
Government/Utility Rebate $33,750
Annual Energy Savings [kWh] 406,245
Annual CO2 Emissions Removed [lbs] 631,903
Annual CO2 Emissions Removed
in Terms of Equivalent Trees Planted
7,349
Annual CO2 Emissions Removed
in Terms of Cars Removed from the Road
60
Annual CO2 Emissions Removed
in Terms of Homes Removed from the Grid
43