Direct savings potential of Retro-Commissioning
Aug 19, 2013
Many property owners believe that operating and maintaining a building is associated with a number of mandatory expenses that are unavoidable. However, most property owners don’t know that Retro-Commissioning can actually save money by allowing buildings to operate and function optimally while using fewer energy resources. The investments that are made in Retro-Commissioning are often associated with high levels of return within two years or less.
The amount of money that can be saved as a result of Retro-Commissioning depends largely on a building’s type, location, and size. Previous studies conducted on the benefits of Retro-Commissioning have found that on average, the value of energy savings is between $0.11 and $0.72 for every square foot, and the value of non-energy savings is between $0.10 and $0.45 per square foot.
Most often, the majority of savings that result from Retro-Commissioning are due to lower energy consumption. A study conducted by Lawrence Berkeley National Laboratory (LBNL) in 2004 found that after buildings went through Retro-Commissioning, they were able to save between 5% and 15% of total energy costs, as well as up to 23% on gas.
Since base costs for a building normally depend on the number of systems it houses, Retro-Commissioning savings per square foot will usually be higher for larger buildings. However, smaller buildings can still benefit from Retro-Commissioning with payback times within two years. Generally, buildings that go through Retro-Commissioning have payback times between 0.2 and 2.1 years.
For the case study conducted by LBNL, researchers examined the effects of Retro-Commissioning on energy savings for the Marriott Marquis in Times Square in New York City. Not only did the facility end up saving $775,000 per year, but the building was able to conserve energy in parts of the building that were not utilized by guests, which helped the business maintain its functionality as a whole without impacting its clients. As a result of experiencing massive savings on energy costs, the Marriott’s return on its Retro-Commissioning investment was realized within two years.
Contact sys-tek today to see how Retro-Commissioning can help you reduce energy costs for your building, while also prolonging the life of your building’s equipment and improving the indoor environment quality for occupants.
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Retrocommissioning Purchase Guide
Our Purchase Guide to Retro-Commissioning will tell you everything you need to know about finding the right retro-commissioning agent for your facility.