04 Apr How To Curb Energy Costs In your Commercial Building
Energy costs are always on the ascent; but commercial spaces need electricity to run various operations and to ensure their premises are well-lit and that they have a comfortable indoor temperature. All of these are very important aspects as the reputation of a business depends on these things. Aside from this, every company has to ensure that it provides its employees with comfortable workplaces with all the basic amenities.
Next to payroll, a business’ energy bills can easily become the 2nd highest expense they incur. Unfortunately, most businesses are also very ill-equipped to deal with these expenses and lower them in any substantial way. This is where the services of a good consultant come into the picture; they can help you with various solutions that will help in making your property more energy-efficient. Here are some tips on how you can curb energy costs in your commercial building:
#1 Data Analysis of Historical Power Usage
It is important that you analyse your property’s energy usage pattern; this will help you understand exactly how the energy is consumed. This will help lower consumption and reduce your utility costs.
#2 Suitable Energy Procurement
A credible consultant may also have solid business relationships with the local energy suppliers; this can go a long way in helping commercial customers look for the best available supply rates. Whether you are shopping for renewables, fuel oil or natural gas, your consultant can guide you and help you identify which solutions work best for you.
#3 Adopt Power Factor Correction Processes
If your electricity invoice has a line item that is described as “capacity/demand charge” then you need to be aware of your sites power factor. Poor power factor can significantly add to a sites electricity costs. Poor power factor can be a result of many factors, but can be improved via the installation of Power Factor Correction (PFC) equipment. Depending on current power factor and local charges, PFC can pay for itself in a very short time (sometimes as quickly as 1 year.)
Power factor is so important, that some networks require you to maintain a minimum 95% power factor or else face additional financial costs. A good consultant will help you identify what your power factor is and will provide customised solutions that will translate into significant cost savings.
#4 Energy-Efficient Lighting Solutions
Today, there are a number of new lighting technologies that can add to the energy-efficiency of your property. It’s a good idea to replace all the traditional bulbs and fixtures with new, advanced LED ones. The latter are 80% more energy-efficient than conventional bulbs and they also last for between 40,000- 50,000 hours, which makes them an extremely cost-effective solution in the long term. You can also install motion sensors to your security lighting and in the less-frequented areas of your property. This can also help you save on energy consumption.
#5 Energy-Efficiency Studies
Energy efficiency studies can go a long way in reducing energy usage and will help you reduce cost. Most states offer certain tax exemptions to qualified commercial establishments. A detailed energy-efficiency study may make you eligible for this significant benefit.
In addition to all these aspects, there are a number of other ways in which a consultant can help you identify which energy solutions will work best in your circumstances. For effective and sustainable cost reductions & efficiencies that will up your bottom line, contact the experts at Benchmark Cost Solutions at this number – 1300 170 585. If you prefer, you can also request a call back or write to us at this email address.
Thanks for reading,
Benchmark Cost Solutions Team
1300 170 585