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February 2008 Hall of Fame

Economically Reduce the Environmental Impact of Apartment...

Economically Reduce the Environmental Impact of Apartment Buildings

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Idea Description

This topic is near and dear to my heart as I have been involved with Apartment real estate for about 10-years now and have seen how large the environmental impact from tenants can be. Over the past few years, large corporations have invested large dollar amounts into reducing their "carbon-footprint". I would envision micro-turbine wind-generation, on-site organic waste handling, methane production from organic waste and on-site hydrogen production from excess wind-generation to name a few.

What will you do if you win $10,000 for this idea?

I would immediately implement the following at a 3-apartment building in Chicago:
-At $1/watt capital cost, I would need $5,000 for wind generation equipment purchase with my company matching another $3,000 and the State of Illinois $3,500 to complete installation.
-A comprehensive 3-part recycling program would be put into place (recyclables, organics and trash) allowing for methane capture from organics, rich planting soil and a huge reduction in waste (cost $1,000).
-Because Illinois is a Net-Zero Metering state, any excess energy produced would be used to create hydrogen and oxygen for capture (cost $4,000 for efficiency monitoring system).

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