(Part 5 of 5) What factors are used when calculating ROI on a new Energy Management System? When you’re shopping for an energy management system, you want to be presented with a realistic ROI. There are many factors that go into the calculation. Some are weighted more heavily than others. We’ve discussed: electricity prices, natural …
(Part 4 of 5) Energy management systems are an investment but they pay for themselves, typically within 2 – 4 years. EMS providers can calculate your project payback based on specific data. We’ve already talked about natural gas rates, electricity rates and unitary room controls with central controls. This week we continue the discussion with temperature …
Continue reading “Does Outdoor Temperature Impact Energy Management System (EMS) Payback?”
(Part 3 of 5) Energy Management Systems are—admittedly—a significant financial investment. The good news is they pay for themselves! A typical ROI (return on investment) is 2-4 years. Some EMS providers have continually collected usage data for a decade or more, and are putting that data to valuable use analyzing project payback. We’ve talked about …
(PART 2 OF 5) In general, electricity thermodynamically is a rather inefficient method of heating or cooling. But its supply is available everywhere, unlike natural gas. However, its rate structure is based upon variable cost constraints on its ability to supply. So the more you use it, the more per kWh it costs. Worse yet, …
Continue reading “Do Electricity Rates Impact Energy Management System (EMS) Payback?”
(PART 1 OF 5) Energy Management Systems are admittedly a significant financial investment. However, we have good news: they pay for themselves! A typical ROI (return on investment) is 2-4 years. Calculating the amount of time it will take to pay off your investment (project payback projection) is an important function in the EMS purchasing …
Continue reading “Do Natural Gas Rates Impact Energy Management System (EMS) Payback?”
Women’s safety has been in the news a lot lately. Whether your property is student housing, hospitality, MDU, or even military barracks, trust that your female residents have safety concerns. First, whatever your market is, know that your property IS affected by this. Nearly two-thirds of today’s travelers are women. More than 56% of college students …
An important function as part of the sales process is project payback analysis. Some energy management companies have developed powerful, precise strategies and tools to perform energy savings analysis for their customers. To that end, many will use one of two processes to estimate payback, each one appropriate for a specific need. The two processes …
Are you like most building managers? Have you been scheduling preventative maintenance tasks for years? It makes sense. You’re prolonging the life of your equipment. Plus you’ve minimized guest/occupant complaints . You know the complaints. They derive from unplanned service issues. You probably schedule preventative maintenance every quarter or every other quarter. Maybe even less frequently. …
Shopping for smart thermostats for your property is an investment in time, labor and funds. Your time investment begins with researching your options. If you haven’t purchased HVAC controls within the past few years, it might be an eye-opener. Options have expanded exponentially, quite possibly beyond what you even imagined. A reputable HVAC controls representative …
Continue reading “HVAC Controls Shopping: “What is Your Occupancy Rate?””
People ‘round the world, if you haven’t hopped on the IoT love train, it’s time to join in. The speed with which IoT products are being implemented in hospitality is breath-taking. Hoteliers, you know that if your guests use a certain technology at the home, they’ll expect to use it at your hotel too. It’s …
