Real Estate

Thermal Energy Systems in High-Rise Condominiums

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  • Aug 14th, 2018 9:17 am
[OP]
Jr. Member
May 22, 2013
172 posts
55 upvotes
Vancouver

Thermal Energy Systems in High-Rise Condominiums

Does anyone live in a building with a thermal energy system built by the developer? How does this system actually work? It looks to me that these energy systems actually cost more for the strata corporation on a per kWh basis.
4 replies
Sr. Member
Sep 16, 2010
867 posts
307 upvotes
Toronto
I would be interested to know this too. Anyone has any experiences? Thanks !
Deal Addict
User avatar
Nov 10, 2015
2243 posts
853 upvotes
Monte Creek, BC
Are you referring to geothermal?
No political content in signatures (Who did I offend?)
Deal Addict
Nov 13, 2013
2368 posts
1155 upvotes
Ottawa
rMBA13 wrote: Does anyone live in a building with a thermal energy system built by the developer? How does this system actually work? It looks to me that these energy systems actually cost more for the strata corporation on a per kWh basis.
I didn't live there but I looked a a medium rise condo that had it. It is certainly more expensive than regular hydro otherwise everyone would do it. The example I know they actually leased it back to the condo corp so the costs were much higher.
Even if they don't do this the reserve fund for maintaining it might be higher than a "normal system". Personally I would be wary of buying in a pre-construction building offering this.

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