Energy Modernization for Homeowners' Associations: Reduce Your Building's Expenses with Government Support
A private solar power system for an apartment building offers real savings on maintenance costs. Using self-generated power to run elevators, pumps, and lighting can significantly reduce expenses from the homeowners’ association budget, thereby lowering residents’ utility bills. Thanks to government compensation programs, part of the equipment cost is covered by the fund rather than the residents.
Benefits for your homeowners' association with EKOTECH KO:
We prepare all the technical documentation required to receive government benefits.
We work directly with top European brands. This ensures the lowest possible cost for your project and provides the certifications required by banks and investment funds.
We take into account the specific characteristics of the building, the starting currents of the elevators, and the condition of the internal electrical systems to ensure the safe operation of the system.
The “Light of Home” Program
Today, homeowners’ associations have access to the most favorable terms for switching to on-site power generation. Through the Energy Efficiency Fund, you can receive a grant that covers part of the costs for equipment and installation. Ecotech handles all technical support to ensure your building receives the grant.
How we help your homeowners' association obtain a grant:
We are conducting an inspection of the building’s engineering systems and preparing a technical justification for the Fund.
We install the system so that it operates at 100% capacity and passes inspection by regulatory authorities.
The loan amount depends on the number of floors:
The larger the house, the higher the potential loan amount.
Home Essentials
Savings that every resident will feel
1. Significant reductions in common-area electricity bills: solar energy fully covers the lighting for building entrances, parking lots, and the surrounding grounds.
2. Autonomy during power outages: The building remains lit, with elevators and water service operating normally during outages.
3. Property value: An apartment in an energy-independent building equipped with solar panels and working elevators commands a 10–15% higher price on the real estate market.
We'll handle the red tape
We measure roofs and assess electrical systems.
We are preparing a feasibility study (technical and economic justification) and a technical specification for the project for the Energy Efficiency Fund.
We install equipment in accordance with the program's standards and provide warranty support.
Questions and Answers
Who pays for the installation?
First, the homeowners’ association finances the project (using its own funds or through a low-interest loan), and once the work is completed, the Energy Efficiency Fund pays compensation of up to 70% into the homeowners’ association’s account.
Can solar panels be installed on a flat roof?
Yes, we use ballast systems. These are heavy supports that securely hold the panels in place without requiring any holes in the roof, thus maintaining its waterproofing.
Will there be enough power for the elevators?
We select industrial inverters with high peak power that can easily start elevator motors without any issues.
What equipment is included in the program?
Inverters, batteries, solar panels
with which we
collaborate
