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

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

According to the University of Michigan, commercial buildings consumed 18% of the energy used in the U.S. during 2022. However, some commercial buildings use more energy than others.

Taking steps to reduce energy consumption in your building will help improve sustainability while also saving you money. Even a few tweaks to your building's utility usage can make a pretty big impact.

Looking for energy efficiency tips? Be sure to follow these strategies for sustainability and cost savings in Westminster energy management.

Install Sustainable Appliances

Making upgrades to appliances on your commercial property could also be a good idea. If appliances are outdated, they might be using up more energy than necessary and costing you a lot in utility bills.

Consider investing in a modern HVAC system and other energy-efficient appliances. This can help reduce energy usage and your carbon footprint.

Install a Smart Meter

One of the best ways to conserve energy when managing a commercial asset is to install a smart meter. A smart meter provides accurate information on your energy usage in real time. It can be helpful for saving money since tenants will be able to easily monitor usage.

These smart meters can be automated as well. Settings will adjust based on your requirements and this can help them conserve even more energy.

Use a Renewable Energy Source

Switching your commercial building over to a renewable energy source can be impactful and can make your commercial property more sustainable. Renewable energy sources include

  • Solar panels
  • Wind turbines
  • Hydropower

Installing solar panels is a popular option that can help your building get energy at a fraction of the cost of energy from power companies. Solar panels are cheaper than ever thanks to government credits and incentives and it can be well worth the initial costs if you want long-term cost-efficient commercial energy.

Improve Building Insulation

In addition to using sustainable energy solutions such as solar panels and energy-efficient appliances, you can also improve the structure of the building itself to help it conserve energy more easily.

You may want to install energy-efficient windows or improve insulation in the walls and roofing. You can also make other design improvements to help it maintain its temperature more effectively in the summer and winter months.

Get Your Tenants On Board

One of the best things you can do to improve energy management in your commercial building is to get your tenants to help. Setting certain energy use requirements in a commercial lease agreement or simply communicating with your tenants when it comes to sustainability and energy usage can be well worth it.

Doing so can help boost commercial property energy savings and can help encourage sustainability.

Improving Commercial Building Energy Management

If you want to improve energy management in your commercial building, consider using these tips and strategies. You may want to install a smart meter, upgrade your appliances, and make the switch to renewable energy to save money and improve sustainability.

If you need help managing your commercial building in Westminster, CO, hire PMI Mile High. With a dedication to client satisfaction and years of experience in commercial property management, we can help you meet your green building management goals.

Want to learn more? Contact us today to learn more about what we can do for you.

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