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Sub-Metering BuildingsA recent article published by Commercial Property Executive, discusses 5 reasons owners should sub-meter their projects.

Information was gathered by a recent study conducted by the Institute for Market Transformation, a non-profit nationally recognized organization that helps buildings improve their energy efficient programs. Each year, Americans spend more than $400 billion to heat, cool and power the buildings they live and work in. The IMT’s efforts help not only owners, occupants and cities save money, but also increase property value, reduce energy consumption and create healthier infrastructures.

Sub-metering software aides in these efforts.

In fact the study, titled, “Why Landlords Should Take the Lead On Installing Sub-meter Technology,” says sub-metering can help owners and landlords:

  • Increase transparency and accountability in promoting efficient practices
  • Access real-time energy consumption data via cloud-based platforms
  • Recapture, measure and verify energy usage
  • Perform diagnostics on equipment functionality
  • Improve conservation

By partnering with International Council of Shopping Centers (ICSC) and the Retail Industry Leaders Association (RILA), the IMT has created an initiative, Landlord-Tenant Energy Partnership, dedicated to helping building owners save billions of dollars by converting their buildings into high performing ones. Through guidance, resources, assessment and events, the initiative assists anyone tasked with overcoming energy and sustainable challenges.

To read the sub-metering analysis, click here.

To learn more about the initiative, click here.

 

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