Smart buildings reduce energy management spend in profound ways, saving billions.
Energy management does not have to be a major cost center in your facility. Today’s smart building systems are automated and can help you get control over your costs and reduce energy management spend in several key ways.
Automated Fault Detection and Diagnostics Reduce Energy Management Spend
The obvious benefit of smart buildings lies in automated fault detection and diagnostics. But, this means of saving money goes further by allowing building managers to create predictive and preventative maintenance schedules. In other words, the longer the system is online, the less likely equipment failures become. Therefore, the system will reduce energy management spend.
Smart Lighting Takes Advantage of Natural Light Resources
If a room has windows and plenty of sunlight, the interior’s lights are not necessary. Unfortunately, lighting costs can make up the second-largest drain on energy resources in buildings, second only to HVAC operating costs. However, smart lighting systems can automatically detect ample lighting and shut off their components to save energy. Moreover, these light sensors can be connected to the HVAC system to reduce its workload. For example, light entering a room may act as a heat source during the winter, reducing demand on the HVAC system.
Smart Buildings Match Occupancy Needs to Energy Needs
Smart building systems can match occupancy needs to energy needs as well. This means that areas of a facility requiring more energy can be better managed by diverting unnecessary energy from other areas in the same facility. As a result, the per-hour energy consumption rates decrease, asserts Phillip Tracy of RCR Wireless News, which reduces energy management spend in other areas. Moreover, the system’s ability to learn from patterns, also known as machine learning, reduces the activities needed in managing the system.
Remote Monitoring and Management of the System Decreases Labor Costs in Energy Management
Speaking of reducing managers’ workloads, smart buildings have a direct impact on labor costs. These costs may range from food preparation to cleaning and beyond. But, the key lies in the system’s ability to provide the right amount of energy to each occupant. For example, chefs may be able to prepare food faster when the kitchen has an ideal amount of energy available to keep the stove hot. So, faster cooking time results in fewer labor costs.
This example also applies to facility managers too. Facility managers can oversee multiple sites remotely through today’s smart building technologies. As a result, the overall labor costs in energy and facilities management decrease.
The Infrastructure for Smart Buildings Provides Connectivity Benefits to Tenants
While providing benefits to tenants might not seem like a major way to reduce energy management spend, it does act as a bridge between complaints and increased use of resources, reports Tom Doyle via Realcomm. Energy management spend can include the costs of changing a given area’s environmental settings, and since wireless connectivity is used, it can also reduce the number of complaints made in person. Moreover, this results in better tenant satisfaction rates, which reduces overall facilities and energy management spend.