Many companies are being forced to evaluate their operational expenses related to energy consumption because energy prices are forecast to rise over the coming years.
According to the U.S. Energy Information Administration (EIA), an agency of the U.S. Federal Government, the U.S. residential average cent per kilowatt hour was $.1252 in 2014 and by 2017 that number will rise to $.1302.
While that may seem staggering, the reality is that the building sector is the single largest user of energy in the United States, accounting for roughly 40 percent of total energy consumption.
Over $400 Billion per year is spent on energy just for buildings.
What would it mean to your company if you could save 10% of your operation budget on energy usage?
What if you could save 20%, 30% or more?
Is that even possible?
When you consider that the average building was constructed before modern energy codes were in place, of course it is possible!
If a building owner or energy consumer can save significant money, why aren’t they making efficiency upgrades to their buildings?
Many building owners may be deterred from upgrading them due to lack of information, misaligned financial incentives, insufficient capital or simply because they do not have a strategic plan. If we can remove these barriers, we will save money for consumers and businesses; fuel economic growth; and reduce carbon pollution, safeguarding our health and the environment.
There are Incentive Programs and Savings Available to Commercial Building Owners in Rockville, MD
Building owners and CFO’s are running businesses and unfortunately don’t have the time to spend researching, evaluating and learning all of the options available to reduce operating expenses by upgrading to energy efficient building technologies.
In July 2015, the Rockville, MD City Council adopted a new ordinance opting in to Chapter 18A, Article 6, the Benchmarking Law.
What is Benchmarking?
According to the City of Rockville’s website, benchmarking is explained like this:
“Building energy benchmarking and transparency policies rate the energy performance of buildings and provide information to consumers so that they can compare different buildings in the market – similar to how consumers can compare miles-per-gallon ratings for vehicle fuel efficiency.”
By understanding energy usage and where it is wasted, businesses who “benchmark” can access where they are losing money and how to save it. If you can’t measure it you can’t reduce it.
Lighting is the Largest Energy Expense
According to research by National Grid, across all climate zones in the U.S., lighting accounted for 27% – 34% of the total energy usage in office buildings. That doesn’t take into account hospitals, retail stores and parking lots, car dealerships or distribution centers and warehouses.
Here is a link to a few case studies of businesses that saved significant money through benchmarking and LED lighting retrofits.
- One Franklin Square in downtown Washington, real estate company Hines saved over 6 million kilowatt-hours per year and was able to reduce utility charges by 13 percent in the first three years with no capital changes.
- Ten Penn Center in downtown Philadelphia saved more than $300,000 on electricity costs in 2011.
This could be you!
You could save some significant money and you may not even have to make any capital contributions.
Please check out our Resources page to use energy calculators or read up on some whitepapers.
If you are considering and LED upgrade and want significant changes now, visit our Contact page and request a free consultation. We’ll help determine your needs, sort through the details, calculate all incentives available and unlock the energy savings for your business.