What is Energy Retrofitting?
Retrofitting refers to the addition of new technology or features to older systems. By adapting traditional facilities for the latest technology, property managers can optimize existing components, increase the longevity of the systems, and ensure that spare parts are available for the future. Energy retrofit New York services for commercial properties are essential for the decades old outdated utility systems. Rather than tearing down antiquated properties and investing millions of dollars designing and constructing new projects, many companies find it easier and more cost-effective to retrofit buildings with updated equipment. Modern alternatives to contemporary lighting and HVAC systems have increased interest in building retrofits for cost savings and significant environmental benefits
Energy retrofits are accomplished within many phases and generally begin with building energy audits during which the building’s utility bills are analyzed to determine energy usage patterns. A thorough energy analysis reveals building equipment that could be reinforced using retrofitting measures ranging from lighting retrofits, boiler and chiller replacements to upgrading HVAC units.
Experts believe that the main causes for reduction in energy efficiency sprout from deferred maintenance and poorly-integrated building design. By proactively monitoring building operations, mechanical and automation systems as well as maintenance control systems, our clients can reduce energy demands and achieve higher energy efficiency in New York.
Wide Potential for Energy Retrofitting
A recent study conducted by Pike Research calculated that the total potential market for green renovations is approximately $400 billion with 70 billion square-feet of space in the U.S. This makes energy retrofits one of the largest opportunities for energy savings, reduction of carbon emissions, and increased property value. Most companies in New York report that they have set new business objectives for building retrofits compelled by recent changes in policy and increased public concern regarding sustainability and decreasing carbon emissions.
All New York City commercial buildings would largely benefit from the federal grants and loans available towards upgrading infrastructure in compliance with the newly-instituted retro commissioning mandates, as required under Local Law 87. While retrofits involve making improvements to a building’s existing components, the New York law requires annual audits of large commercial buildings, succeeding which retro commissioning procedures would ensure that necessary changes are implemented, starting 2013.
Tangible Results from Energy Retrofitting
While the motive may vary, the results are universal; energy savings that lead to reduced costs, increased credit rating and higher property value. In fact, studies show that commercial buildings reap higher rental premiums for Energy Star certified buildings and correctly performed energy retrofits. Efficient energy retrofits can enable energy savings of 20 to 50%, concurrently improving building aesthetics and increasing property value for building owners. More specifically, energy savings realized from lighting and HVAC systems retrofitting can result in substantial bottom-line fiscal savings for New York commercial properties.
Associated Renewable provide comprehensive energy retrofit New York service. Our team of engineers will evaluate your existing property and reduce operating cost through innovative lighting, HVAC, and energy retrofit systems. Clients can expect to see significant, verifiable benefits as a direct result of our cooperation. Contact Associated Renewable to find out more about what energy retrofitting can do for your business.