5 Smart Ways Commercial Property Owners Can Reduce Energy Costs
A good property management company should focus on implementing ways to enhance energy efficiency in commercial properties. Energy bills account for almost 30% of the total building expense in both commercial and residential properties. Therefore, the best way to maximize returns on investments is to lower energy consumption.
There are better, creative ways of lowering energy costs in commercial buildings. The good news is that they do not require high investments to get the job done. If you are wondering how here are smart ways to reduce energy costs if you are a commercial property owner and save money to enjoy an improved return on investment.
Use energy-efficient lighting fixtures
The kind of light bulbs and lighting fixtures you use in your commercial properties play a significant role in your energy bills. Therefore, installing energy-efficient light bulbs, such as LED bulbs, is a great way to reduce costs. These lighting solutions can reduce energy consumption by up to 70%. Additionally, they have a long life span that allows you to use them for ages without replacements.
Smart building solutions
Smart building technologies are some of the best ways to enhance energy efficiency. These solutions allow commercial building owners to install automated systems that reduce energy consumption in commercial properties. They include sensors and actuators that help you monitor and control energy usage accordingly. You may also want to work with professional energy management services, such as Twin Eagle, that fix and regulate energy supplies in commercial buildings. This strategy works better when integrated with other measures listed in this post.
Prioritize HVAC maintenance
Regular HVAC maintenance can help you cut down energy bills in your commercial building. Frequent check-ups and repairs ensure your HVAC systems run efficiently, which is good for cost reduction. You do not need your HVAC system working harder than it should since this adds to the amount of energy used.
Turn off unused devices
Unused computers, printers, and other electronic devices consume more than 10% of energy in commercial buildings. It is advisable to turn off all devices not in use to enhance energy efficiency. Make it a policy to switch off and unplug all electronic devices from power sockets when not in use to reduce energy costs in your commercial property.
Create an effective insulation system
Insulation system regulates the heating and cooling of commercial properties due to weather changes. In most cases, commercial buildings are fitted with HVAC systems that regulate temperatures in the building. However, an effective insulation system ensures heat is not lost. This aspect ensures your HVAC system runs smoothly and does not overwork to cool or heat the building. In turn, the strategy reduces your energy consumption and costs. Consider investing in high-performance insulation systems to enjoy this benefit.
The bottom line
The best place to start when trying to reduce energy costs in your commercial property is to review your energy bills. You need to ensure your energy balance sheet is well-balanced, with no extra expenses accrued due to high energy costs. Use these tips to stay current on your energy and utility bills and save money.
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