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The reports are made possible by installing something called a “Water Watch” on the building water meter. There are several products on the market which can provide this information. The “Water Watch” sends real time usage to the Cloud and then access is achieved via cell phone and/or computer. No more wondering if there are leaks at the property, or how much water is actually leaking. Given the state of the economy in Chicago and Illinois, do you think the price per gallon of water will be going down next year, or in the foreseeable future? Water is still relatively inexpensive in the Chicagoland area compared to other parts of the country where water is 2.4 to 2.8 cents per gallon. However, if water bills triple again in the next 10 years, can those properties afford to pay $25,000 to $85,000 water bills every other month? That leak that is $52,000 annually now would be $156,000 a year!


In this time of “Going Green” and resource conservation, can we ignore wasted water usage? Can we dismiss the annual money spent on wasted water? One 220-unit condo association on the North Side of Chicago did something about it in early 2019. They underwent a “Water Conservation and Leak Detection Program.” At this property, 183 toilets were replaced (69 of which were found to be leaking). Since the program began nearly one year ago, the association used 4,352,000 gallons less than the same period in the previous year. By the end of one year, the community will have used 5,500,000 gallons less than the previous year, saving nearly $55,000. The association was able to pay for their toilet upgrade out of their monthly savings and paid no money upfront.


40 | COMMON INTEREST®


• Spring 2020 • A Publication of CAI-Illinois Chapter


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