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Energy Benchmarking

Overview & Background

The road to increased energy efficiency and significant energy cost savings begins with energy benchmarking. Historical energy data proves very useful in predicting future energy consumption.

 

For instance, New York City has passed Local Law 84 that requires all buildings equal to or larger than 50,000 square feet to annually report energy and water consumption from the previous year by the May 1st deadline.

 

What is Energy Benchmarking?

Energy benchmarking is a tool that enables one to use the energy information of a building similarly to the way a Miles per Gallon (MPG) rating would be used to assess a car’s operating performance. Simply put, energy benchmarking analyzes the recent past energy usage patterns of a building and compares this usage to similar buildings nationwide. 

 

The practice of energy benchmarking enables building owners and managers to establish accurate and relevant energy budgets. Furthermore, energy benchmarking will allow buildings to identify promising energy efficiency projects, earn Energy Star ratings, and determine opportunities for cost reduction through retrofitting.

 

Energy benchmarking comparisons allow property owners and building managers to identify opportunities for energy management improvements as well as to quantify the energy savings that can be generated from making these improvements.

 

Benefits of Energy Benchmarking

Energy benchmarking provides multiple financial and non-financial benefits for building owners:

 

  • Accurately determines how efficiently a building used energy compared to its peers
  • Identifies areas of improvement for reducing energy and operating costs
  • Provides actionable data for building owners to reduce costs through subsequent steps (energy audits and retrofits)
  • Quantifies how a building performed in that year compared with previous years (a score of 75 or more indicates a top performer & provides eligibility for Energy Star certification)
  • Provides a better understanding of which systems may need to be upgraded or replaced (heating, cooling, lighting or hot water heating)

 

What We Offer

We offer free, multi-year energy benchmarking to new and existing clients. Our energy benchmarking services allows our clients to rank energy performance, track trends, receive justification needed to plan improvements, determine if conservation strategies are working, and provide accurate reports to management. Energy benchmarking is carried out through the utilization of the Energy Star Portfolio Manager.

 

What is Portfolio Manager?

The Energy Star Portfolio Manager is the Environmental Protection Agency’s (EPA) interactive energy management tool that enables one to track and assess energy and water consumption in buildings. Likewise, Portfolio Manager can assist in establishing investment priorities, identifying under-performing buildings, verifying efficiency improvements, and gaining EPA recognition for superior energy performance. Overall, it is a highly thorough and efficient tool to use in energy benchmarking.

 

Our Process

Associated Renewable’s free Energy Benchmarking services provide clients with a 12-month review of energy performance. This is achieved by measuring and comparing a property’s energy usage against standard energy benchmarks, its own historical energy performance, and other similar buildings in the portfolio. Our zero-cost energy benchmarking services give our clients a starting point for conducting capital improvements, aimed at increasing operational efficiency and cost reduction.

 

Why Choose Associated Renewable

Associated Renewable’s engineering and sustainability teams have broad experience in conducting energy benchmarking for multi-family residential buildings, commercial buildings, offices, municipal facilities, mixed-use properties and houses of worship.  We are not just an energy efficiency company that provides reports on how buildings can reduce energy consumption. We are a full-service company that ensures all of our clients’ needs are met at a single point. After we conduct energy benchmarking, we then identify energy conservation measures (ECMs) through investment-grade energy audits, provide capital to fund those measures at zero upfront costs to clients, and also manage the entire retrofit project from implementation to close.

 

To learn more about Associated Renewable’s energy benchmarking services, contact us at (212) 658-0052 or email the Energy Solutions team at info@local-law-84.com

 


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Tuesday, February 14, 2017 - 13:01

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