The Source team have recently installed WA’s first Retrofit for a building of 24 apartments in Rockingham.
Our existing Green sites have been delivering renewable energy for new apartment developments since 2016, however this WA first has successfully converted an existing apartment building to renewable energy.
“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.”
Source Energy Co.’s Technical Sales Manager Nathan Tinline said it is exciting to be leaders in WA to introduce cutting edge, blended energy technology, using a combination of grid electricity and solar energy to power existing buildings.
“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.
“As it stands, if one owner or account holder isn’t for the conversion, but the majority are, it can make it difficult to proceed,” he said.
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.
Official forecasts recently published by the Australian Energy Market Commission (AEMC) estimated the cost of electricity is set to rise in Western Australia – proving there is no better time for developers, owners and renters to look at alternatives.