How do your properties compare in terms of energy consumption? The best way to answer that question is by benchmarking. Benchmarking is a key first step in improving energy performance. That’s why the U.S. Environmental Protection Agency created ENERGY STAR® Portfolio Manager, a free online tool that allows you to measure and track energy and water consumption, as well as greenhouse gas emissions.
By adding your buildings to Portfolio Manager, you’ll be joining thousands of U.S. commercial buildings already benchmarked. This makes Portfolio Manager a powerful resource for comparing and tracking the energy performance of your portfolio against the best.
With Portfolio Manager, you can size up your buildings against a nationwide sample of similar facilities. You can also compare all of the buildings in your portfolio to each other. Weather normalized energy consumption is provided automatically.
Know the score
Portfolio Manager does more than just make comparisons. It gives your facility an ENERGY STAR score of 1 to 100, giving you an idea of how well you’re doing in terms of energy performance and providing a baseline for improvement.
If you’re not happy with your score, consider an energy assessment of your properties. See if your complex qualifies for a free assessment. Energy efficiency improvements might include the following:
- Water-efficient fixtures use less water while still providing a comfortable flow, conserving water and reducing energy use for water heating.
- Pipe insulation can further lower water heating costs by reducing heat loss before the point of use.
- Wi-Fi-enabled thermostats save on heating and cooling costs by automatically adjusting building temperatures based on occupancy schedules. They also provide advanced features, such as remote control.
Portfolio Manager is also a great tool for tracking performance over time. After you’ve implemented energy efficiency measures, gather energy use data again and get your results. If your building scores 75 or higher, it’s eligible for Energy Star certification.
Certification can add to your bottom line with more than just energy savings. According to AMLI Residential’s Sustainable Living Index, a survey conducted with more than 3,500 AMLI Residential apartment residents found that 80% of residents said they believe living in a green apartment is beneficial to their health, and more than 61% said they would be willing to pay more for a sustainable multifamily community. Also, according to ENERGY STAR, certified buildings have higher rental and occupancy rates.
With benefits like lower energy bills and higher rent, isn’t it time you measured your properties?