5 Tips for Reducing Facility Operating Costs
When it comes to operating a commercial building, every business has different needs. But, regardless of the industry, it’s safe to say that every facility manager’s desire would be to cut costs. When brainstorming facilities management cost-savings ideas, the best place to start is with something all buildings need—energy.
Though reducing maintenance or safety operations to save money can lead to problems down the road, improving energy efficiency can cut costs without disrupting operations. Here are five facilities management cost-savings ideas for facility managers to consider.
1. Get the Latest Technology
With the rise of the Internet, technology for monitoring and adjusting a building’s electricity use have never been so accessible or easy to use. Using monitoring software or automating building tasks and electricity use not only saves facility managers time, but it can also make meaningful cuts in electricity use.
2. Foster an Energy-Savings Culture
By making small, daily adjustments, the people who regularly use a facility can be one of the best sources for energy savings. Educating employees on the proper ways to shut down equipment, encouraging tenants to turn off or reduce their heating and cooling temperatures when they leave their homes, or asking retail spaces to cut off their lights at night can all cut the costs of building operations.
3. Invest in Efficiency
While there may be some costs involved, investing in energy efficiency equipment can save money on electricity bills. This may mean upgrading machinery used in business operations, or it may involve improving the building itself. Regardless of the improvement type, efficiency upgrades should always pay for themselves with the cost savings they provide right from the start.
4. Off-Balance Sheet Upgrades
Investing in an expensive energy efficiency system upgrade can be a hard sell if cutting costs is the ultimate goal. Even financing the upgrades through energy savings can carry hidden costs, such as maintenance and employee training. Facility managers who aren’t ready for the hassle and long-term commitment of a large efficiency project should consider getting their upgrades through a monthly utilization agreement instead.
With a monthly utilization agreement, customers subscribe to efficiency upgrades instead of buying them, keeping them off both the company’s balance sheet and a facility manager’s mind. These upgrades are easy to install and remove, allowing facility managers to try them risk-free without disrupting business operations.
5. Harness the Power of Nature
Nature provides many of the things we use electricity to do inside a building. The sun creates natural heat and light, and trees provide shade and cool. Using skylights or making other building modifications to work with the natural environment can help cut energy costs.
One of the best ways to use the natural temperature outside to regulate your building is by using phase change material. Using natural materials like salt, clay, and water, phase change material absorbs and releases heat to decrease temperature fluctuations in a building. Phase change material works similarly to an ice pack. As a building heats up, phase change material absorbs that heat, when the building cools down the material begins to “melt” releasing the heat back into the air and reducing temperature swings.
To learn more about getting phase change material with a monthly utilization agreement, contact D.I. Pathways today.