Commercial, Energy Efficiency, Utilities - March 24, 2016
Ohio bank turns its Art Deco landmark building greener, expects $99k in yearly savings
Based in downtown Dayton, Ohio, a family owned banking institution has embarked on an $870,000 project to transform its 85-year-old Liberty Tower high rise into "an energy-efficient powerhouse."
Liberty Savings Bank FSB partnered with Tipp City, Ohio-based Energy Optimizers USA on the project, which will replace the building's aging electrical and HVAC systems with new technology that will save an estimated $99,000 annually in utility costs and provide an anticipated payback of eight years, according to a news release. The project is also expected to generate more than $70,000 in rebates from Liberty Savings Bank's utility, AES Corp. subsidiary DP&L Inc.
"Our building is historic, but that doesn't mean we must continue operating with outdated and inefficient equipment," Liberty Savings Bank CEO Ryan Powell said in a statement. "Our partnership with Energy Optimizers ... will enable us to take a position of leadership in operational efficiency and resource conservation."
Work is already underway; the project is expected to be completed this summer.
Specifically, Energy Optimizers USA, will:
- Replace all interior and exterior lighting with LED lights
- Replace outdated controls on major HVAC systems
- Install advanced programming measures
- Replace the existing steam boiler with two vertical fire tube boilers
- Replace the existing domestic hot water heater with two heat pump water heaters
The building, an Art Deco landmark in downtown Dayton, was built in 1931 and is on the National Register of Historic Places, according to the news release. The Tower's tenant population occupies about 90% of the building's 114,000 square feet.
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