Energy Efficiency Tips for Commercial Real Estate Landlords & Investors
In today’s fast-paced and ever-changing real-estate business world, energy efficiency has become a priority for commercial landlords and real estate investors. With the increasing costs of energy and the impact it has on the environment, it’s crucial to adopt measures that not only reduce energy consumption but also save money.
Here are some energy efficiency tips that smart commercial landlords and real estate investors use to reduce energy consumption, save money, and make less of an imprint on the environment, from Houston real-estate investor Ali Choudhri, CEO of Jetall Capital.
- Install Energy Efficient Lighting: One of the simplest and most cost-effective ways to reduce energy consumption is by installing energy-efficient lighting. This includes LED lights, which consume less energy and last longer than traditional lights. By upgrading to energy-efficient lighting, landlords and investors can reduce energy costs by up to 80%.
- Upgrade HVAC Systems: Another way to reduce energy consumption is by upgrading HVAC systems. Older HVAC systems can consume a lot of energy and emit greenhouse gases, leading to higher energy costs and negative environmental impacts. By upgrading to energy-efficient HVAC systems, landlords and investors can reduce energy consumption by up to 50%.
- Insulate Buildings: Insulating buildings is a simple and effective way to reduce energy consumption and lower energy costs. By installing insulation in walls, ceilings, and floors, landlords and investors can reduce energy costs by up to 30%.
- Use Smart Thermostats: Smart thermostats are a great way to monitor and control energy consumption in buildings. They automatically adjust the temperature based on occupancy, weather conditions, and other factors, helping to reduce energy consumption and lower energy costs.
- Implement Water-saving Measures: Implementing water-saving measures, such as low-flow toilets, showerheads, and faucets, can significantly reduce water consumption and lower water costs. By reducing water consumption, landlords and investors can also reduce energy consumption, as heating water is a major energy consumer.
- Encourage Employee Engagement: Encouraging employee engagement is another important step in reducing energy consumption. By educating employees on the importance of energy efficiency and how they can play a role, landlords and investors can encourage employees to turn off lights and electronics when not in use, use energy-efficient appliances, and take other steps to reduce energy consumption.
- Consider Renewable Energy Sources: Finally, landlords and investors can consider using renewable energy sources, such as solar panels and wind turbines, to reduce energy consumption and lower energy costs. By generating their own energy, landlords and investors can reduce their dependence on traditional energy sources and minimize their carbon footprint.
In conclusion, commercial landlords and real estate investors have a critical role to play in reducing energy consumption and saving money. By implementing energy-efficient measures, such as installing energy-efficient lighting, upgrading HVAC systems, insulating buildings, using smart thermostats, encouraging employee engagement, and considering renewable energy sources, landlords and investors can reduce energy consumption and lower energy costs. By taking these steps, landlords and investors can help create a more sustainable future for everyone. “This makes for both sustainability and profitability,” said Jetall Companies’ Mr. Choudhri.