Most commercial businesses pay too much for their energy. There are many ways to reduce your utility bill, but most businesses lack the time and expertise to compare their specific and unique energy consumption patterns to the many options available to reduce energy costs and select the portfolio of energy improvements that offers the best return on investment (ROI).
A moderate reduction in your energy bill can be relatively simple and cheap, but real savings require a pragmatic and financially rigorous assessment of the energy efficiency opportunities offered by your building, expert planning, truly independent procurement, and the ability to make the necessary changes while minimizing the disruption to your tenants and business.
The most common reasons cited for not proceeding with an energy efficiency retrofit are project complexity, financing hurdles, and business disruption. However, most businesses would jump at the chance to add a fixed ongoing percentage improvement to their bottom line if the project was pragmatic, properly managed, and incurred no cash outlay.
- We help you identify what energy efficiency improvements will reduce your utility bill
- The cost is spread over 15 or 20 years to keep payments low
- C-PACE keeps it off your balance sheet by turning into a county assessment
Your utility bills drop by more than the assessment = instant cash-flow improvement
- Initial Assessment: A couple of focused hours invested by Building Energy Performance, and you, to determine the practicality of reducing your utility bill by understanding your building’s usage and your business, looking at your utility bills, reviewing the leases and ownership structure of the building, and conducting a brief walking tour of the building. These conversations normally identify a substantial opportunity or quickly conclude that the effort involved outweighs the potential savings. There is no charge for this initial assessment.
- Recommendations and Proposal: A more structured written proposal suitable for review by building owners, accountants, your management team, and board. The proposal identifies energy efficiency measures that will make a meaningful contribution to reducing your utility bill, provides the financial analysis to determine expected ROI, and contains a practical assessment of the impact on you building, tenants, or business. The proposal includes operational recommendations that often cost nothing, but can reduce your utility bill and help to offset the moderate cost of the proposal, which is typically deducted from the overall project should you proceed.
- Statement of Work: This is a combination of detailed financial engineering, a robust energy model specific to your building, and an overview of independent procurement and project planning. This is a significant undertaking by Building Energy Performance, and as such, there is a cost associated with this stage. Experience has shown that this step is vital to ensuring that the substantial investment you are about to make is based on sound analysis, a full understanding and plan to manage the impact on your building, tenants, and business, and will deliver the expected savings and improvement in cash flow.
- Project Delivery: We prefer to act as your general contractor — managing the project, its subcontractors, and minimizing any project-related disruption to building occupants.
- Continuous Commissioning: The commissioning process ensures the successful completion of the project, and it starts the ongoing measurement and management phase, where actual results are compared to expected outcomes so that the systems, processes, and technologies implemented can be continually tuned to improve results and to adapt to the changing nature of your building usage and business practices. The cost of continuous commissioning can be added to the C-PACE financing package, so that it is not an ongoing operational expense.
Our free initial assessment can identify simple operational changes that are likely to reduce your utility bill. We can simply leave these ideas and thoughts with you as a result of our walking tour or write a short letter clarifying our views. If the changes are likely to make a substantial impact, then we suggest that these are acted upon first and that we all wait for the results before proceeding with more a more aggressive approach. Creating a proper baseline for a building prior to investing in energy efficiency measures is central to the integrity of any gains and the fiscal analysis upon which those investment decisions are made.