Vendor helps senior community save estimated $250K in utility costs
Switching up its energy use could help one senior care provider to save a cool quarter million each year, according to an announcement.
San Diego-based Paradise Village Retirement Community is doing so by employing Sharp's “SmartStorage” solution, which harnesses energy storage, along with solar power, and utilizes it during peak hours to defray demand charges. The senior memory care, independent, and assisted living community is installing the tech in six of its buildings. By doing so, Sharp estimates that Paradise could save more than $250,000 a year through their utility bills by limiting energy use, according to a press release.
The retirement community consumes a “significant amount” of its energy through heating and cooling, medical equipment and refrigeration. And in parts of the Golden State, upward of half of commercial buildings' energy bills are due to “demand charges.”
“The significant savings unlocked by addressing peak demand may have a positive impact on the quality of life for the seniors in Paradise Village's care, so we're very proud to be involved in this project,” Carl Mansfield, general manager and founder of Sharp's U.S. based Energy Systems and Services Group. If Sharp fails to hit its projected reductions, the company says it will compensate for the deficit, as part of its “10-year Asset Management Service Agreement.”