CASE STUDY

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Property Overview:

  • Address: 720 26TH ST, UNION CITY, NJ
  • Management: Belgium Management LLC

In late March 2024, Belgium Management LLC installed Water Scrooges at 720 26TH ST to reduce high water usage and associated costs. The implementation led to immediate and substantial financial savings.

Water Usage Reduction and Financial Impact

Water Usage Reduction and Financial Impact

Cost Analysis Before Installation
(December 2023 – March 2024):

  • Average Monthly Water Bill (December
    2023 – March 2024):

    • Water Usage: Average of 156 CCF per month
    • Cost per CCF: $5.6062
    • Total Average Monthly Cost: $873.50

Cost Analysis After Installation
(April 2024 – July 2024):

  • Average Monthly Water Bill:
    • Water Usage: 51 CCF per month
    • Cost per CCF: $5.6062
    • Daily Facility Charge: 33 days @ $1.0356 per day
    • Total Average Monthly Cost: $320.09

Savings Calculation:

  • Monthly Savings: $873.50 – $320.09 =$553.41
  • Total Savings (April – July 2024):$553.41* 4 months = $2,213.64

Annualized Savings Projection:

  • Projected Annual Savings: $553.41 * 12months = $6,640.92

Additional Benefits

  • Operational Efficiency: Improved water management practices leading to
    consistent cost control.
  • Environmental Benefits: Reduced water usage contributes to sustainability efforts.
  • Enhanced Property Value: Lower
    operational costs enhance the
    attractiveness and value of the property.
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Conclusion

The installation of Water Scrooges at 720 26TH ST has demonstrated significant financial savings and improved water efficiency. This initiative, undertaken by Belgium Management LLC, showcases the value of investing in sustainable, cost-saving technologies.