During the inauguration of the large-scale renovation works of Hungary’s largest block the Display poster was unveiled to show the estimated energy, CO2 and water savings for 2010. This impressive building comprises 884 flats altogether, and was built in 1970.
The renovation of the 315 meters long, 15 stair-cased building started in July 2009 and was completed in the end of November. As a result of the renovation, the energy consumption of the ’House’ will be reduced by 50%.
The modernising programme, which exceeds one billion Forints (3.7 million €) includes refurbishment, insulation, replacement of windows and installation of solar collectors on the roof tops. These collectors provide hot water for the whole building.
82% of the residents voted in favour of the renovation. In order to accomplish such a large scale (and small cost) investment, support of the Local Government and the EU was necessary too. Residents stand to gain on the project, thanks to improved comfort in living conditions, but also to lower bills and the increased value of their real estate.

http://display.vati.hu/sites/default/files/Faluhaz_tabla_web.pdf

Source: Népszabadság online