Energy Management for Commercial Properties: Strategies for Sustainability and Cost Savings

Energy Management for Commercial Properties: Strategies for Sustainability and Cost Savings

The end-use efficiency of commercial energy is only 65%, which isn't great. With climate change threatening our planet, it's important that everyone does their part in reducing their carbon footprints.

If you own commercial property, then you've probably priced the rent optimally to make a decent income. However, it's your duty to ensure it has good energy efficiency. Not only will it help the environment, but it'll also attract more tenants.

Below are some tips and strategies for efficient energy management in your commercial property.

Conduct Energy Audits and Benchmarking

Regular energy audits are key for any property. They'll identify areas of inefficiency and opportunities for improvement.

Of course, you'll have to combine these with benchmarking. This compares your building's energy performance to similar structures. As a result, you can set goals and track progress in a reasonable fashion.

Switch to LED Lighting

Did you know that LED lights use up to 90% less energy and last up to 25 times longer than regular lights? This means you can reduce maintenance and replacement costs by simply switching to LED.

It may initially cost you a fair bit of money to make this change. However, it'll pay off quickly when you see how efficient they are.

Use Smart Building Systems

Commercial buildings should utilize smart technologies. They include building management systems (BMS) and Internet of Things (IoT) devices. These can monitor and control energy usage in real time.

In addition, they can adjust lighting, HVAC, and other systems based on various factors. For example, occupancy and time of day can change certain area needs. Smart building systems will adjust accordingly to save energy.

Purchase Energy-Efficient Equipment

There comes a time when you have to replace old equipment with new items. When that happens, look carefully at the labels.

Ideally, you should purchase energy-efficient models that meet ENERGY STAR and other relevant certifications. Items that may have this include HVAC systems, office equipment, and appliances.

Turn to Renewable Energy Sources

Renewable energy sources are always an excellent idea, and you can start with solar panels. Granted, they're a costly investment, but considering that they're a source of 100% clean energy, it's definitely worth it.

Another type of renewable energy you can consider is wind turbines. They can generate clean energy on-site to offset a portion of your property's energy consumption.

Keep Your Property Maintained

Sustainable buildings remain so through proper maintenance. All equipment should be maintained and tuned up on a regular schedule. This ensures that they operate efficiently.

If you find it tough to keep track of on your own, then get commercial property maintenance services. These professionals will make sure your building's running at its best.

Practice Good Energy Management

Energy management is essential for every building, regardless of whether it's a residential or commercial one.

You should remember that every property is unique though, so it's important to tailor your strategies to your specific property's characteristics, usage patterns, and goals. Monitor and adjust your approaches to get optimal results.

If you need a hand with commercial real estate, then contact us now. We'll help maximize your property's profitability and protect your investment.