Posted on Thursday, February 20, 2014 at 10:51 am CST
The owners of 312 Manhattan Avenue had contacted Dual Fuel Corporation for an oil to gas conversion in January 2013. The heating system of this 59 unit multi-family building had an IC-ME-42 burner that was only capable of burning heating oil. Dual Fuel Corp replaced the burner with a brand new dual fuel capable IC-VLG-40 and performed an oil downgrade from #6 to #2. At the time of their conversion the owners were spending $65,000/year for #6 heating oil and now anticipate spending $38,800/year on natural gas- savings of 41%/year. This gas conversion & new burner project was started in June 2013 and completed in January 2014. To guarantee their conversion savings, the owners of 312 Manhattan Ave. signed with Dual Fuel Energy Corp. a 3 year price lock for the gas to hedge their conversion savings and guarantee a positive ROI on this project.
Source: Dual Fuel Corp.