Commercial Building Energy Monitoring & Benchmarking
According to the EPA, energy costs represent one-third of a commercial buildings’ typical operating budget. That’s no surprise considering reliability and occupancy comfort are most often the two top priorities for facility managers and their teams. However, EPA research also suggestions that and up to one-third of the energy used by commercial buildings consume is wasted. Since commercial buildings consume 20% of the energy used in the US, according to ACEEE, that means up to 6% of total energy use is avoidable.
Monitoring energy usage is the first step to identifying avoidable energy costs. Receiving 15 minute or Real-Time 1 minute interval data at the meter and sub-meter level provides detailed insight into the operational efficiency and effectiveness of a commercial building’s inherently large, complex operating system. Given the constant change in a commercial building’s occupancy and use, consistent monitoring provides facility managers with the supporting facts to implement operational and behavioral changes on an ongoing basis. Furthermore, real-time alerts and reports inform facility managers of unusual or high energy usage periods, providing the opportunity for the manager to avoid the peak usage periods through operational change or accept the increased costs in favor of occupancy comfort.
In addition to delivering improved competitive leasing rates, to understand the full value and significance of implementing energy usage avoidance measures the following EPA example is provided. If a 200,000 sq. ft. office building pays $2 per sq. ft. in energy costs, a 10% reduction in consumption can equal in additional $40,000 in net operating income. At a cap rate of 8 percent, this would boost the asset value by $500,000.