Property managers are responsible for overseeing the operations of an assigned facility—from budget management to daily upkeep. With a never-ending to-do list, property managers look for cost-effective ways to streamline processes. Creating an energy-efficient property is a great way to cut energy costs, increase property value, and reduce equipment maintenance. With multiple properties to manage, a property manager will reap savings from each property.

Upgraded LED lighting, lighting controls, refrigeration, and HVAC equipment help to create a more efficient property. By making a few energy-efficient upgrades, a property manager can increase a property’s value and lower operating costs without shifting focus from other tasks. 

Here are some additional ways property managers can benefit from energy-efficient upgrades:

Equipment Maintenance

• When equipment breaks down, repairs create additional and unforeseen expenses. Systems upgraded with energy-efficient measures last years longer and offset costs from equipment repair and replacement.

Reduced Energy Costs

• A property manager’s largest operating expense is energy usage. According to a study by EnergyStar, energy usage accounts for 1/3 of a typical operating budget. By making energy-efficient upgrades to lighting, HVAC, and refrigeration equipment, a property manager can save on energy costs.

Appearance

• Enhanced lighting creates a warm and welcoming atmosphere. LED bulbs are customizable in a variety of warmth and brightness ranges, which allows the property manager to create any desired appearance.

Attract and Retain Tenants

• A property upgraded with energy-efficient measures will increase in value, helping to attract new tenants and retain existing ones. Tenants seek properties that have low maintenance costs and a desirable appearance.   

Improved Safety

• When an injury occurs due to inadequate lighting, the building owner is liable. A well-lit facility reduces injury risk and helps employees avoid hazards.

Property managers reap numerous benefits by making energy-efficient upgrades. Upgraded equipment will improve a facility’s appearance and safety, which will increase its value to potential tenants. Also, these upgrades will lower energy and maintenance costs, allowing a property manager to spend a budget more efficiently. A property manager should always consider energy-efficient upgrades when looking to improve their business.

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Lime Energy is a leading national provider of energy efficiency for small business customers, including managed properties. We help small businesses improve their operations through comprehensive energy-efficient measures. Our award-winning, integrated service programs provide our small business customers with reliable energy efficiency resources while delivering the highest levels of customer satisfaction.