Q: I lease an old building that probably isn't the most energy-efficient. How can I save as much money as possible?
Sep 21 2011
Answered by: James Colman Ask a question
Utility costs are a significant and unavoidable overhead, especially in older buildings where heat loss is greater. However, there are a variety of both practical and behavioural measures which can be implemented to increase energy efficiency and cut costs.
Firstly, try to understand where your building is wasting energy. Older windows allow a significant amount of heat loss and ideally should be replaced with double-glazed units. Draught-proofing is another simple measure that can reduce heat loss. Often, the main source of draughts will be from badly fitting windows and doors, so draft excluders and curtains are a quick way of resolving this. Further measures include making sure the roof and walls are insulted effectively.
The second step is to ensure that you are using your energy sparingly and efficiently. Installing efficient fluorescent light fittings with controls such as sensors and daylight detectors to ensure lights are only on when needed and investing in time switches to turn off heating and machines at the end of the day will ensure that energy is not being wasted when the building is unoccupied.
In addition to physical improvements, simple energy efficiency monitoring devices can quickly save up to 10 per cent with the insights they deliver. Installing a smart meter will allow you to monitor energy usage, understand where it is wasted, and set targets to drive behaviour change. Smart meters also put an end to estimated bills and cut the amount of time spent on administration by allowing businesses to pay accurate bills, based on precise readings. Energy audits conducted by your supplier also allow you to assess potential energy measures tailored to the needs of your business.
The third step is to consider investment in more advanced efficiency measures that can yield savings of over 20 per cent. Financing does not have to be a barrier to implementing changes. The government is currently developing policy to encourage landlords to improve the environmental credentials of their buildings. The Green Deal, which will come into effect in 2012, will offer landlords loans for making energy efficiency improvements to their let properties. This loan would then be repaid through the savings made. This may be something to raise with the owner of the property.
Finally, consult with your energy provider. They should be able to work with you to identify measures that will ensure your business functions in the most efficient way possible.
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