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Let’s start with the basics:
On top of that, a number of other factors can lead to greater energy use and higher energy rates that will eventually show up in the form of higher utility bills.
Common factors like these will not only cause your utility bill to vary from year to year, they will most often drive up your energy costs, rather than reduce energy spend as you expected. So even if you’ve worked with an energy service company (ESCO) with experience retrofitting buildings for energy efficiency, your commercial energy bill can end up looking about the same. What happened? Where are the savings you expected from that energy efficiency investment? Did the energy efficiency ROI you planned for actually disappear?
If you’re only concentrating on energy cost alone, you’re not getting the complete energy picture.
Comparing dollar amounts of your monthly bills, you might not see any savings — and you may even see higher energy costs — because they’re hidden by the variables we discussed above, triggering higher energy costs.Here’s how to read your commercial utility bill to verify your energy savings: When you look at energy consumption instead of dollars — assuming there haven’t been any major changes in weather or general operations — you will start to see the savings we guaranteed.
To see your savings, don’t look at the dollars, look at the energy use — that’s where you’ll find invisible savings become obvious savings.
Now, what if your savings are still not quite what you expected? While spikes in energy use may come from something obvious like a hot summer, they often come from far less obvious sources.That’s why energy management for commercial real estate — and energy efficiency projects in hotels — can be tricky.Typical energy retrofit firms get in and get out with a one-time efficiency project, but it’s what happens after that makes all the difference from an investment standpoint.Independent studies reveal that energy savings erode by 20% per year, so in just five years, you’ll have nothing to show for your efficiency investment.When ESCOs, building owners and facility managers just “set it and forget it,” many thousands of dollars in energy savings — and potential NOI — evaporate within just a couple of years.This is where Carbon Lighthouse's ongoing Energy Performance Management service comes in: