How businesses can improve their energy efficiency
There are more ways to save on your energy bills than just finding a low rate. Consider the following strategies to save money on electricity bills.
Conduct a property energy assessment
A property energy assessment evaluates your building’s energy usage to identify areas for improvement. The assessment may include reviewing equipment, insulation, lighting, and more. Use the results to inform how you want to optimize your efficiency.
Educate tenants about energy conservation
Property managers can inform tenants about energy efficiency and the benefits of reducing usage. You could host workshops, provide energy-saving tips, or install smart energy monitoring systems.
Participate in demand response programs
Participating in a demand response program is a proactive approach for property managers to help stabilize the grid. These programs ask participants to reduce electricity consumption during times of high demand. In return, participants may receive lower rates, bill credits, or other incentives.
Switch to energy-efficient appliances
Switch your large appliances to energy-efficient models, such as ENERGY STAR. ENERGY STAR-certified appliances use less energy to complete the same task. While replacing appliances is a large upfront investment, you’ll enjoy long-term savings and improved efficiency.