Commercial Energy Management
Businesses in all industries are scrambling to find new strategies to deal with skyrocketing energy costs and comply with increasingly stringent environmental and emissions regulations. Many organizations are implementing comprehensive commercial energy management procedures to gain more control of these expenses and optimize consumption.
What Is Energy Management for Commercial Buildings?
Energy management entails a proactive, systematic approach to monitoring, controlling and optimizing an organization’s energy consumption. The purpose is to find ways to conserve energy and lower costs. Software and other tools and resources can assist with gathering and analyzing crucial data that provides invaluable insight into usage patterns and other factors that identify areas for improvement.
Why Is Energy Management Important?
For most businesses, saving money is the driving reason to focus on building energy management. The cost reduction opportunities the process identifies can have a positive impact on an organization’s bottom line. The process can also help a company comply with mandated energy initiatives. From a public relations perspective, making the effort to implement energy management solutions can demonstrate that the company is committed to environmentally sustainable practices.
Additional Commercial Energy Management Benefits
Besides cost savings and compliance, energy management can have other benefits for businesses:
- Improved maintenance practices: The energy consumption data gives you more insight into the performance of your HVAC systems and other equipment. You can identify areas you’ll need to focus on during preventive maintenance.
- Increased property value: You can expect to get a higher return on your investment in an energy-efficient building if you decide to sell the property at some point.
- Tax savings: Companies can take advantage of federal and state tax incentive programs by making efficiency adjustments identified via energy management.
- Enhanced productivity: With energy management pinpointing areas for improvement, you can make your building more comfortable for your workers and boost their productivity.
- Builds resilience: By giving you more control over consumption, energy management makes your building more adaptable to changing market conditions.
Ways to Improve Energy Efficiency
Your commercial establishment can implement several energy management practices to improve efficiency. Converting to LED lighting can significantly reduce electricity consumption while making work areas brighter. You could also consider switching to renewable energy sources like solar to reduce your company’s dependence on the power grid.
Other steps include:
- Repairing leaks
- Using thermostats to regulate temperatures
- Purchasing Energy Star-certified heating and cooling equipment
- Installing or upgrading insulation
Utility Bill Auditing as an Energy Management Practice
A utility bill audit conducted by UtiliSave is another way to improve your business’s cost control. Our experienced auditors leverage our proprietary software to review historical billing data from your utility providers to identify overcharges that are resulting in needless spending. We find savings in 97% of the cases we audit, including those where another auditing firm previously reviewed the data.
Our energy management services can significantly improve your company’s bottom line by recouping money from your utility bills. They can also boost your Environmental, Social and Governance (ESG) score, providing benefits like attracting investors, building brand and customer loyalty and improving financial performance.
Contact Us for More Information Today
Learn more about the benefits of commercial energy management and how they can contribute to your business’s success. Contact UtiliSave to request additional information or inquire about our utility bill auditing services today.
