For commercial property owners, energy is a cost that is always going to be prominent. It's going to be prominent in the eyes of owners, and tenants. The way prices are continually increasing in Australia, it's very unlikely it will be gone from our thoughts any time in the future. Energy bills can be costly to tenants, which can affect how future leases play out.
So, What Can You Do About It As A Commercial Property Owner?
The simplest solution is, of course, to make your property more energy efficient. If you make your building as energy efficient as possible, it not only makes current tenants happy, it makes your property more attractive to future tenants or investors. With the aim to lower energy bills and minimise the carbon or energy footprint of your building, there are a few really effective options that you should be doing to get these results.
Switch To Solar
Solar is a great solution for any building that uses a lot of electricity. Commercial properties use far more energy than residential, and when space is ample, the energy levels can be a heart attack in the making. Solar is booming in Australia. There are thousands of companies that compete for the business, and it’s a substantial investment.
Don’t stop with adding solar panels, however, add extra battery storage if you can cater for it. It’s the simplest way to offset electricity costs. It won’t just make tenants happy; it will impress any prospective future buyers also.
Lighting in commercial buildings is probably the highest user of energy. Commercial properties need proper lighting, and if it’s a customer facing business, your business or your tenants require adequate lighting. The problem with most lighting is that it is not energy efficient. The best way to resolve this issue is to invest in LED lighting to replace older energy inefficient lighting options. LEDs use far less power than fluorescent and halogen lighting options. In fact, it can be up to 80% less, which is a solid long-term investment. Take the next level step and add timers, controls, sensors and dimmers, so lights aren’t on when they don’t need to be.
Invest In Energy Efficient Appliances
As an owner, it is your responsibility in most cases to install air conditioning and some other appliances. If you spend a bit more to establish the most energy efficient options available, the energy costs will lower. This makes for a sound investment over time.
If your property is not adequately insulated, all of the above options could be a waste of money. Ensure the property has what it needs to make all the aspects work together, and this includes proper insulation.