Customers have become more cautious about where they spend their money. A growing number of people who care about the environment make a conscious decision to buy from eco-friendly companies.
That means you are more likely to get tenants who put sustainability and energy saving at the heart of their business. Here are some tips on prioritizing energy management for commercial properties for your real estate portfolio.
Install a Smart Meter for Commercial Energy Efficiency
Smart meters are designed to save energy, so if you don't have one in your commercial properties yet, now is the time to install one.
Modern smart meters provide real-time information on your energy consumption. So, they're a valuable way for tenants to monitor and lower costs.
Some will offer automation, too, meaning they will adjust and optimize your settings to use energy more wisely. That's a helpful way to reduce energy wastage.
Find Sustainable Energy Solutions in Your Appliances
If you've had the same appliances on your commercial property for a while, they could be due for an upgrade.
Modern ones are more energy efficient. Invest in modern HVAC systems that will give you superior cooling technology at a lower price. And switch from standard lighting to LED lights, as that will help you reduce your electricity use.
Research potential rebates that you may be able to claim for your building type or any that are available in your area. There are often financial incentives to encourage businesses to save on energy.
Switch to Renewable Energy
Consider switching your property over to a renewable energy source. It provides long-term savings and fully embraces a more eco-friendly approach, which tenants will value if they want a more sustainable business.
Solar panels and wind turbines are the two most popular options, but what you choose will depend on your building and location. You may be entitled to government grants to help cover some of the installation costs.
Upgrade Your Building for Cost-Effective Energy Management
To make a commercial property more energy efficient, you can invest in a range of energy-saving upgrades and modifications. For example, you can improve the insulation in the walls and roof.
That helps keep the building warmer in winter and cooler in the summer when air conditioning is running. You can also replace older windows with more energy-efficient designs, which will help prevent heat loss.
Educate Your Tenants
Use your lease agreement to set rules and best practices about energy use. That will show your tenants your commitment to sustainability while providing practical guidance.
You can also create awareness campaigns that the company can share with employees to ensure that as many people as possible are on board to reduce energy use in your properties.
Energy Management for Commercial Properties
The future of commercial buildings embraces sustainable living. So, prioritize energy management for commercial properties you own. It's a wise long-term decision.
At PMI Antelope Valley, we can help you take that step.
Our customer-first approach makes us a favorite among commercial landlords in Antelope Valley, California. With our expertise, you can make the most of your real estate portfolio. Discover more about our services here.
