As the owner or manager of a commercial property, it is your duty to find ways to increase the net operating income and asset life value. If you are looking to find ways to optimize your commercial assets with little to no incremental cost, you are in the right place. In this article, we will cover 3 ways to increase your asset life and energy efficiency.
There is no doubt that the best place to start is in energy management and savings. After all, energy use is the single largest operating expense for any commercial or residential real estate, constituting anywhere between 25-35% of typical operating budgets. In fact, according to ENERGY STAR, a 10% decrease in energy use could lead to 1.5% increase in net operating income. But that is not all: Superior energy performance can also result in increased employee productivity and health!
Based on our research, office buildings and commercial real estate waste up to one-third of the energy the consumer.
Hence, we have put together 3 effective strategies to reduce energy consumption and bring in power savings
“You cannot manage what you don’t measure”
The first step to bringing in any efficiency is knowing the current state of your energy performance over time. Based on our experience and research, the best place to start is with the site’s basic specifics: The sanctioned load, installed load, operating pattern, electricity bills, etc.
The goal of tracking this data is to benchmark the current energy performance of your assets against historical data to obtain a normalized metric of performance under ideal conditions. Any deviation in performance serves as your low-hanging fruit for power savings.
Some of the tools and procedures that we recommend for energy tracking include Power Quality analysis for electronic components and cables, Thermography for electrical distribution systems and HVAC insulation, Vibration and Bearing Shock Pulse Analysis for pumps and motors.
You can also conduct Electrical Safety Audits, EHS Gap Audits, and Hazard Analysis for the health and safety of your employees and residents.
“A company’s employees are its greatest asset”
The next best step is to educate your employees on how their behaviors affect energy use and what are steps they can take to conserve electricity.
Here are 3 of the best standards of operations that we have identified after being in the business of 10+ years:
An energy audit is one of the most effective ways to make your commercial assets more efficient. This strategy involves relying on a pool of experts to identify energy-saving opportunities, increase your commercial asset value, as well as, enhance internal health and safety.
At VAR Energy & Infra, we follow a 4-step Energy Audit Practices:
Step 1: Utility bill and energy analysis – Our team of experts conducts an audit on the energy assets and utility service feeds in line with the IEEE 519, ISO 10816, and Class A Instruments.
Step 2: On-site survey of the property – A walk-through and physical assessment and interaction with the operation and maintenance team. Based on these surveys, we will score your commercial assets based on our pool of historical data.
Step 3: Report preparation and submission of the draft – Based on the analysis of our experts, we will put together an energy-efficient proposal recommending corrective actions with IS-certified processes.
Step 4: Execution of ECM – Based on our proposal, we can provide a custom-designed retrofit solution for your utility and energy systems based on the Life Cycle Cost of Assets.
Bonus: Based on our strategic partnerships with several OEMs and an in-house pool of utility experts, we can provide leasing of commercial assets and premium annual maintenance contracts. This will allow unblocked capital, tax-efficient investments, and precision budgeting.
Efficient management of facilities is now more crucial than ever. The advent of the global pandemic has brought FM services from the periphery of a business to its core. Facility heads are now increasingly looking
The pandemic has changed the world as we know it. The year gone by has had a substantial impact on businesses all over the world. From banking to hospitals, media to IT, industries have had
Partnering with an FM provider suitable for your business is key to ensuring business continuity and achievement of set objectives. However, it is not enough. As a maintenance head, you must ensure the effective implementation
In today’s day and age, FM providers have realised that early identification of risk and mitigation of its side effects are key when it comes to providing efficient services. More and more businesses across the
As the owner or manager of a commercial property, it is your duty to find ways to increase the net operating income and asset life value. If you are looking to find ways to optimize
With the advent of the pandemic in the past year, businesses worldwide have had to adapt and evolve continuously to succeed. Safety and hygiene have taken center stage. Additionally, budgets have decreased, making it more
0 Comments