Rising energy costs are becoming an increasing concern for building owners. This is especially the case for older facilities that consume significantly more energy than buildings constructed today. Yet new buildings aren’t the only ones that can be sustainable.

A smart way to finance capital improvements is to consider a retrofit project that focuses specifically on energy efficiency, so that the energy savings generated are sufficient to finance the full cost of the project.

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Over time, it’s been proven that reduced energy costs that come from a more sustainable building can finance the retrofit project, renew your facility and save you even more money in the long term. The benefits don’t stop there. It can also make your building more appealing to tenants and more valuable should you choose to sell it.

Smart Retrofitting Boosts Savings

With intelligent retrofitting, older buildings can become highly energy efficient. The key is to start by evaluating your building and its energy usage thoroughly. Typically, facility owners will choose to make one building improvement at a time. By assessing all aspects of a building’s energy usage and areas for improvement, however, you can save significantly more.

Retrofitting an entire building at once, rather than one piece of technology at a time, is also much more cost-effective. Features to consider include all mechanical systems, heating and air conditioning, lighting, water, window insulation, and roof materials. Take the time to assess how all of these could be improved and the savings each one would provide.

Measuring Energy Savings

In order to determine whether a building retrofit will be financially beneficial and to know how much you will save, you’ll need to measure your future energy savings. Again, your first step will be to measure your current energy usage and cost.

Of course, this can be difficult to estimate accurately. You’ll need to take into consideration any future changes in the building occupancy or usage. Consultation with energy experts or the use of computer simulation can help you to estimate your savings accurately and determine whether you can fully finance a building retrofit.

If you don’t have the resources in-house, working with a turnkey service provider, like BC Comfort, to develop with a comprehensive set of energy efficiency measures that demonstrate the savings produced by a project can be the most efficient and effective way to move forward.

To gain an accurate estimate of your energy savings and to design a plan for a smart retrofit to improve your building’s energy performance, contact our Design Team today.