Why Energy Efficiency Makes Sense
Paradigm ESCO projects have a positive outcome for residents, building owners and our planet.
Significant Reduction in Energy Bills
Energy costs can make up a significant proportion of property owners’ (and tenants’) recurring monthly costs. With energy efficient appliances and building upgrades you can consume less energy without sacrificing quality. The US Department of Energy estimates that you can save up to 30 percent on your utility bills with energy efficient appliances and upgrades.
A Return on Your Investment
Energy efficient upgrades should be viewed as an investment in utility savings that will continue to add up over the service life of an appliance or product. The trend of rising electricity costs is also likely to continue; having more efficient buildings will help insulate owners and residents from future increases in energy costs. Energy efficient buildings also tend to see an increase in property value.
Enhancing the Quality of Life for Residents
By optimizing energy use, you will increase the comfort of living for your tenants. Living spaces will be warmer in the winter, and cooler and dryer in the summer.
Lower Maintenance Costs
Building managers and maintenance staff at large complexes will spend significantly less time changing light bulbs and providing maintenance for appliances. Because of the long life of LEDs, there is also less need to carry high stock volumes on replacement materials.
Achieving Compliance Targets
Some cities and towns mandate expected energy reductions for many buildings. Examples include Boston’s Building Energy Reporting and Disclosure Ordinance (BERDO) and Cambridge’s Building Energy Use Disclosure Ordinance (BEUDO). Often multiple energy savings projects are needed to meet these savings targets.
The environmental impact of having an energy efficient home can be dramatic. To give just one example, if every American home replaced an incandescent bulb with an energy efficient bulb, it would save enough electricity to power 3 million homes. This is the equivalent of taking 800,000 cars off the road.