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Lessons Learned
The number one reason for local governments to invest in energy efficiency is to cut operating costs and free up tax dollars for other uses. Cities and counties that initiate programs reap significant savings that continue year after year, even after investment costs have been recouped. Optimized operation of building systems reduces maintenance and repairs, while prolonging the useful life of capital-intensive equipment. Currently municipalities are faced with rising energy costs as well as greater demand for energy to power office equipment and other electronic or mechanical devices. Reducing energy use reduces operating costs and frees up much needed funding for other programs while obviating the need to build new power plants to meet increasing peak demand. Quantitative financial benefits from energy efficiency projects: - Lower utility bills by as much as 30 percent or more.
- Reduce peak energy use; lower utility rates for peak use.
- Increase net operating income.
Qualitative financial benefits from energy efficiency projects include:
- Increase asset value - for every $1 invested, asset value increases by $3.
- Reduce maintenance and repairs of equipment.
- Prolong the useful life of capital-intensive equipment.
- Boost worker productivity and reduce absenteeism due to health issues.
- Retain existing tenants and attract prospective ones.
- Reduce risk liability associated with indoor air quality.
- Demonstrate the ability of facility staff to contribute to bottom-line performance.
- Report energy use efficiency and water use efficiency to constituents and other stakeholders.
Corollary benefits from energy efficiency-projects include:
- Reduce 6 lbs. of greenhouse gas emissions for every 10 kilowatt hours saved.
- Improve comfort of building occupants; eliminate drafts and temperature fluctuations.
- Increase attractiveness of interior design.
- Minimize visual and audio distractions.
- Improve visual acuity through lighting retrofits.
- Improve reliability of energy for the local community.
- Conserve limited water resources, minimize wastewater, and reduce stormwater runoff.
- Comply with government environmental, health, and safety regulations.
- Garner positive media and public recognition for environmental stewardship.
Local governments across the country are investing in energy efficiency to help minimize the impact of volatility in U.S. energy markets. Energy management systems and energy projects provide civic leaders with powerful tools to take control of energy reliability for their constituents. Reducing operational costs allows municipalities to put financial assets in the places where they are needed most. A host of incentive programs and service providers support these efforts, available to those willing to explore their energy options. The time is now. Flex Your Power.
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