Common use of Cost Contribution Clause in Contracts

Cost Contribution. Basic needed energy conservation improvements will be made to the unit(s) without a financial contribution by the lessor. In order for the unit(s) to be considered for measures other that the basic procedures, at least one of the following options must be checked yes: I, the lessor, would like cost sharing information on the following options that may apply to my rental unit(s): Yes [ ] No [ ] A 50% match for materials and labor is required on all windows and doors installed. The property owner will pay for repairs to mechanical equipment that exceeds $100 in full except for the replacement of existing 60% AFUE units with 90% AFUE units. In these cases a 50% match of the replacement cost (including all materials and labor) of a 90% furnace will be required, but only if the existing unit is currently safe and operational. These improvements must have a savings to investment ratio (SIR) to the agency of no less than 1.0 to be eligible. Yes [ ] No [ ] A 50% match is required on all costs above $100 for all rental units that are master metered. The building owner must pay for heating or cooling equipment repair or replacement costs, including water heater repair or replacement exceeding $100 in full. These improvements must have a savings to investment ratio (SIR) to the agency of no less than 1.0 to be eligible and are based upon total cost of the improvements. Yes [ ] No [ ] A 50% match is required for all refrigerator replacements where the property owner owns the appliance. Only specific EPA Energy Star units will be provided and the refrigerator being replaced must be surrendered without exception. All replacement refrigerators must remain in the rental unit occupied by the Weatherization applicant. The savings to investment ratio (SIR) for this measure must be no less than 1.0 to be eligible.

Appears in 2 contracts

Sources: Weatherization Agreement, Weatherization Agreement