New York's Cooperative and Condominium Community
Here's the bottom line on all #6 conversion projects; if is far better to convert to natural gas on a firm rate than #2 on a duel fuel rate.
Apples to Apples based on 50,000 gallons of #6 Oil: A conservative per gallon price in 2010: $2.50. That's $125,000 spent on fuel oil. 50,000 gallons of #6 is equal to 70,000 therms of gas. At $1.15 per therm you would have paid: $80,500. If you burned gas instead of #6 oil in 2010 you would have conservatively saved $44,500.00.
This $44,500 would have paid for 100% of 80% of all gas conversion proposals generated by the Platinum Energy Group in 2010. Thats a payback of 1 year. If you can find a traditional investment option (stocks, bonds, savings account) that offers a greater return than a #6 to gas conversion project please call me.
Eric
Introduce yourself to other members of Board Talk! Log in below or register here.
Board Talk members who registered prior to March 9th, 2016 will need to reset their password.
Habitat U: learn about how to manage a building, and what you should know as a co-op or condo board member.
Search, by word or phrase, all magazine articles from January 2002 to present. You may print or email your results. Print subscribers receive free access to the Habitat Article Archive.
Learn all the basics of NYC co-op and condo management, with straight talk from heavy hitters in the field of co-op or condo apartments
Professionals in some of the key fields of co-op and condo board governance and building management answer common questions in their areas of expertise
Got elected? Are you on your co-op/condo board?
Then don’t miss a beat! Stories you can use to make your building better, keep it out of trouble, save money, enhance market value, and make your board life a whole lot easier!