How is your building using energy? It is a simple question that sometimes has a complicated answer, but it isn’t asked often enough. I speak to intelligent executives who are familiar with nearly every detail of their business, yet they rarely consider how their buildings are using energy and how that can impact the bottom line. I’m going to answer the most common responses I receive when I ask the question:
“What are you doing about your building energy costs?”
Response #1: I upgraded my lighting just a few years ago.
These business owners may be ahead of the pack because at one time they did consider how they could save energy and reduce cost by retrofitting their lighting. But ask yourself, is there a component of your business that doesn’t merit consideration at least on a semi-annual basis? Well, energy is no different. Unless you’ve reached energy nirvana and are paying nothing for energy, you should be considering available options to save energy and save money. Even if you upgraded to more efficient lighting just a few years ago, it is still worth considering an upgrade to LED lighting. The technology has come a long way and the current incentives are excellent.
Response #2: I looked at solar, but it’s too expensive.
The energy industry changes everyday and pricing and financing options are no exceptions. You may have considered solar in the past, but between price drops, federal tax incentives, and new forms of financing and ownership options, there may never again be a better time than right now to consider solar. The important thing to remember is that solar is a great solution, but not the whole picture. You should always be considering the needs of your entire building. Solar works best when included as part of a holistic solution to address your electric bill that considers consumption, demand, and generation.
Response #3: I don’t have time right now, call me next month.
You are busy, I get it. The life of a business owner has never been more demanding. Between running your business and making time for your family, there is not much time left in the day, but it is important to remember that making good choices about how your commercial property uses energy is an important component of your business. There is a very real cost to doing nothing. Everyday you delay taking control of your energy costs, you are incurring unnecessary expenses. Unless you enjoy wasting money, you can’t afford to wait. As for making the time, you don’t have to. By engaging an energy services company like Edgewise, you are taking an important step to not only knowing what your options are, but choosing the right one for you and your business. We will not only determine what improvements could most benefit your building, but also what financing structure will optimize your energy cash flow in the short and long term.
I’ve covered just a few of the common conversations I often have about making good decisions, but you probably have additional questions. Every building is different, every business is different, but there is a solution to optimize every single one of them. If you have any questions or would like a complimentary analysis of your building or real estate holdings, please reach out. You should always be considering whether you are working for your building or your building is working for you.
Chief Innovation Officer