The global smart building market continues its steady, unrelenting growth — and for good reason. Investing in properties to make them "green" provides a quick return on investment by lowering operating costs, increasing property value, and raising tenancy rates.
There are several strategies for reducing energy costs, but few are as compelling and fundamental as electrical submetering. We know the value intuitively, but how much could you save, really?
Results after just 6 months of electrical submetering are impressive, including a 17% reduction in building energy use and a 16% reduction in GHG emissions over the same period last year — or $18,500 in avoided costs.
H. James Harrington had it right, measurement is the key to improvement. But there is an important corollary to Harrington’s assertion — it’s not enough to measure.