What Property Managers Should Include in Their Energy Strategy

2021 Budget Considerations for Property Managers

The myriad disruptions in 2020 have impacted virtually every industry – including energy. Commercial property managers in particular are facing a number of unique challenges. Although energy accounts for up to 1/3 of a commercial property’s operating budget, it is easy for property managers to get side-tracked by other business-critical demands before giving energy management due consideration. But the right energy strategy can help improve your bottom line, reducing unnecessary spending, and freeing up money that could be allocated to other expenses.

Let’s take a look at some key energy management considerations for commercial property managers and the best practices that can help with 2021 energy planning.

1. Establishing Sustainability Goals

Sustainability has become a growing priority for many businesses and educational institutions. Today’s property managers are seeing an increasing desire from their organization’s external and internal stakeholders to modify operations with sustainability objectives in mind. An optimal sustainability strategy will have a plan that drives down costs, mitigates risk, and demonstrates environmental leadership. Usource works with commercial property managers to craft an actionable and measurable Sustainability Plan and assist as desired in executing identified initiatives.

2. Integrating Renewable Energy

Solar energy can help your business reduce electricity costs, meet sustainability goals, and showcase environmental leadership. Whether you’re considering onsite, offsite, or community solar, Usource can help guide you through the options and help you find the solution that best meets your business objectives.

Usource is part of the NextEra Energy family of companies. NextEra Energy, Inc. is the largest generator of wind and solar energy in the world and a global leader in sustainable energy. As part of NextEra Energy, Usource is uniquely positioned to analyze, facilitate, and execute your renewable energy project and ensure it is a cohesive fit with your overall energy strategy.

3. Assessing Utility Bills/Costs

There may be inaccuracies on your utility bill that are costing your property thousands of dollars each year. It is not uncommon to have an incorrect sales tax, rate code, or supplier pass-through charges on your utility bills. Usource analysts are available to audit and analyze your commercial utility bill to correct errors and help you develop a cost-efficient energy procurement and energy management strategy. Click here to request a free utility bill review.

4. Conducting Energy Efficiency Studies/Projects

 There are many ways to reduce your facility’s energy usage through efficiency projects. We work with you to identify cost-saving energy efficiency measures that make sense based on your goals and objectives. Potential areas we investigate for upgrades, monitoring, and automated controls include:

  • Lighting
  • HVAC systems
  • Cooling and refrigeration systems
  • Motors, pumps, and compressors
  • Boiler systems

When you want to lower your energy operating expenses and reduce your organization’s carbon footprint through energy efficiency measures, it’s easy to get overwhelmed by the process, and even discouraged by the perceived amount of time, money, and resource it will require. As your energy consultant, we will work with you to identify available rebates, benchmark the facility, get an energy audit completed, implement the energy efficiency plan, fill out rebate paperwork, and most importantly, tie up any loose ends.

5. Scheduling an Energy Consultation

To help ensure you’re doing everything possible to optimize your energy spend and simplify your energy strategy, contracting with an expert like Usource is a smart choice. Usource has capabilities and resources to help you develop your energy buying strategy and can advise you on other services discussed in this post such as data management and reporting, bill audits, bill payment services, and energy efficiency projects, renewable projects, and more. In the long run, not only does this translate to significant savings for your organization, it maximizes your time and resources. Contact us today to discover if there are savings you’re missing out on.

 As a dedicated and experienced energy consultant, Usource has the expertise to help you create and execute an energy strategy that achieves business objectives. Contact us today.

View our Case Studies to learn more about how we work.

About the Author

Lisa Cochran brings extensive energy procurement, utility account management and consultative experience to Usource.  As a Client Development Manager at Usource, Lisa works with mid to large-size companies to develop energy procurement and management strategies that meet their financial goals and environmental objectives. 

View Lisa's Bio
Author image

Go to All Posts