Five Questions to Ask Yourself Before Investing in Building Energy Improvements

Photo: USNEWS.com

This article is for Building Owners, Managers and Investors who want to reduce their gas and electric utility bills, without negatively affecting tenant satisfaction. Saving energy and reducing utility costs should start and end with dollar signs. 

We recommend that you wait to hear about the details with the technical solutions until the dollar savings are estimated, agreed on and a decision making plan is developed. We have seen many costly engineering studies sitting on shelves gathering dust because the consultants did not ask the right questions in the beginning.

We suggest you ask yourselves these five questions before listening to anyone making a pitch for your energy conservation dollars.



Number One: 
Since energy saving strategies cost money, how much am I willing to spend?



Number Two: 
How much will the return on investment be? And show me a projected cash flow proforma.

Number 

Number Three: 
Is a utility cost reduction and energy conservation project at the top of my list of priorities?



Number Four: 
Do I trust who the person trying to sell me this project?



Number Five: 
How many buildings have you done this for in the past?

You shouldn’t have to pay a large sum of money, upfront, to size up a building energy conservation opportunity.

 f your vendor or contractor or consultant can’t lay out the potential savings and income stream, upfront, don’t do business with them.



Developed by Building Success, LLC, a different kind of Energy Services Consultant, whose mission is to help buildings perform the best they can with what’s installed and the staff they already have at the most economical costs possible. We can be found at www.bldgsuccess.com.motc

Via International Facilities Management Association on LinkedIn

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