Energy Efficiency for Property Managers - Innovus

As a property manager, you’re constantly looking for ways to reduce operational costs and improve the value of your assets. One of the most effective strategies to achieve these goals is by focusing on energy efficiency in your buildings. In this guide, we’ll explore practical solutions that can help you save money while creating more sustainable and comfortable environments for tenants.

The Importance of Energy Efficiency in Commercial Buildings

Energy costs represent a significant portion of a building’s operational expenses. By improving energy efficiency, property managers can:

1. Reduce operational costs
2. Enhance property value
3. Improve tenant satisfaction and retention
4. Meet sustainability goals and regulatory requirements

According to the UK Green Building Council, buildings are responsible for approximately 40% of the UK’s total carbon footprint. https://www.ukgbc.org/climate-change/

Cost-Saving Energy Efficiency Solutions

Let’s explore some practical solutions that can lead to substantial energy savings in commercial buildings:

a. Lighting Upgrades

Replacing old lighting systems with energy-efficient LED bulbs can result in significant energy savings. According to the Carbon Trust, lighting can account for up to 40% of a building’s electricity use. LED bulbs use up to 90% less energy than traditional incandescent bulbs and last much longer, reducing maintenance costs. https://www.carbontrust.com/resources/lighting-overview-guide

Tip: Implement occupancy sensors and daylight harvesting systems to further optimise lighting usage.

b. HVAC System Optimisation

Heating, ventilation, and air conditioning (HVAC) systems typically consume the most energy in commercial buildings. Optimising these systems can lead to substantial cost savings:

• Regular maintenance and cleaning of HVAC components
• Installing programmable thermostats or building management systems
• Upgrading to more efficient HVAC equipment
• Implementing heat recovery systems

c. Building Envelope Improvements

Enhancing the building envelope can significantly reduce energy loss:

• Improve insulation in walls, roofs, and floors
• Upgrade to energy-efficient windows and doors
• Seal air leaks around windows, doors, and other openings

The Energy Saving Trust offers advice on improving building insulation: https://energysavingtrust.org.uk/  

d. Smart Building Technologies

Implementing smart building technologies can help optimise energy use:

• Building Management Systems (BMS) to control and monitor building systems
• IoT sensors to collect real-time data on occupancy and energy use
• Energy analytics software to identify inefficiencies and opportunities for savings

The Chartered Institution of Building Services Engineers (CIBSE) provides guidance on smart building technologies: https://www.cibse.org

e. Employee Engagement and Behaviour Change

Engaging building occupants in energy-saving efforts can yield significant results:

• Educate tenants about energy-saving practices
• Implement energy-saving competitions or incentive programmes
• Provide regular feedback on energy consumption and savings

The Carbon Trust offers resources on employee engagement for energy efficiency: https://www.carbontrust.com

Implementing Energy Efficiency Measures: A Step-by-Step Approach

1. Conduct an energy audit to identify areas of high energy consumption
2. Develop an energy management plan with clear goals and targets
3. Prioritise energy-saving measures based on potential savings and implementation costs
4. Implement chosen measures, starting with low-cost, high-impact solutions
5. Monitor and verify energy savings
6. Continuously improve and adapt your energy management strategy

The British Standards Institution (BSI) provides guidance on energy management systems: https://www.bsigroup.com/en-GB/iso-50001-energy-management/

Financing Options for Energy Efficiency Projects

There are various financing options available for energy efficiency projects:

• Energy Performance Contracts (EPCs)
• Green loans and mortgages
• Government grants and incentives
• On-bill financing through utility companies

For more information on financing options, visit the UK Government’s Energy Efficiency Loans for SMEs page: https://www.gov.uk/business-finance-support/sme-energy-efficiency-scheme-smees  

Measuring and Reporting Energy Savings

Accurate measurement and reporting of energy savings are crucial for demonstrating the value of your energy efficiency initiatives:

• Use energy management software to track consumption and savings
• Implement sub-metering for more detailed energy use data
• Report savings using standardised methodologies, such as the International Performance Measurement and Verification Protocol (IPMVP)

For more information on energy measurement and reporting, consult the Building Research Establishment’s (BRE) resources: https://www.bregroup.com/expertise/energy/

How Innovus Can Support Property Managers

While Innovus doesn’t directly offer energy-saving services, our expertise in property management and building solutions can complement your energy efficiency efforts:

1. Building Solutions: Our team can assist with project management for energy efficiency upgrades, ensuring smooth implementation and minimal disruption to tenants.
2. Asset Management: We can help integrate energy efficiency considerations into your overall asset management strategy, maximising the value of your properties.
3. Facilities Management: Our award-winning workplace solutions can incorporate energy-saving practices into day-to-day operations.
4. Business Services: Our financial expertise can help you analyse the cost-benefit of energy efficiency investments and identify the most effective solutions for your portfolio.

Implementing energy efficiency measures in commercial buildings offers numerous benefits for property managers, from cost savings to improved tenant satisfaction. By adopting a strategic approach to energy management and leveraging available technologies and resources, you can significantly reduce your buildings’ energy consumption and operational costs.

While the journey towards energy efficiency may seem challenging, remember that you don’t have to go it alone. At Innovus, we’re able to support you with our comprehensive property management expertise. Together, we can create more efficient, sustainable, and valuable properties for the future.