Retrofit first for Source
“We know what to look for, how to manage the challenges, and can continue to lead the way in converting more existing buildings and new developments to renewable energy, with our experience.”
“We know what to look for, how to manage the challenges, and can continue to lead the way in converting more existing buildings and new developments to renewable energy, with our experience,” Nathan said.
With over 60,000 existing apartments and about 3,000 new apartments built a year in WA, this Retrofit opportunity has opened the doors to a whole new market.
Currently the biggest challenge for Retrofits is that all the account holders and owners need to agree to convert to renewable energy with Source – with 100 per cent agreeance.
However, Nathan said the laws around this are set to come into force in the New Year meaning only a majority ‘for’ the conversion, rather than 100 per cent agreeance, will be required.
This Retrofit first has already opened the doors, with the team working on a number of Retrofit projects of various scales from 16 apartments to more than 200.
Our Retrofits use a single Western Power connection point (gate meter) for each apartment building, and Source Energy smart meters at each apartment to distribute the energy supplied by Source Energy Co.
Smart metering, combined with Source’s proprietary software, HotSource, allows individual account holders to track how much power they’re using and how much it’s costing – saving them money and has benefits for apartment owners with a potential annual rebate to the strata, while being an environmentally friendly option.