How To Maximise Energy Efficiency In Industrial Properties
Category Industrial Property News
Reducing your carbon footprint has become a popular trend, with companies around the world highlighting their efforts to create a more sustainable future through energy conservation. However, the advantages of evaluating the energy usage of industrial properties extend far beyond environmental benefits. By implementing energy-saving measures, businesses can also decrease costs, boost profitability, and future-proof their operations.
Why Should Industrial Properties Be Energy Efficient?
Energy efficiency means eliminating energy waste by finding ways to use less energy to perform the same task.
This has huge benefits, especially in South Africa where our power supply is less than reliable and the electricity price is still rising. "The National Energy Regulator of South Africa (Nersa) has authorised the national power utility Eskom to increase its tariff by an average of 18.65% starting on 1 April 2023," says Enerdata.
Making an industrial property more energy efficient can significantly cut costs and increase profitability. This provides the opportunity to reinvest in the business and perhaps implement longer-term off-the-grid solutions, such as solar panels.
Decreasing the reliance on the grid while cutting the amount of electricity you need is key to future-proofing your industrial properties. When you have energy-saving measures in place, such as solar panels, you are increasing the value of your property and making it more attractive to renters. In an effort to curb the effects of the energy crisis, the South African government is offering tax incentives to going green, "An existing incentive for businesses that implement renewable energy projects will be expanded, enabling them to claim the equivalent of 125% of their investment as a deduction up front, " says the Financial Post.
Of course, investing in solar panels can be a significant cost. There are a number of easier ways to make your property way more energy efficient before taking bigger steps.
5 Ways To Improve Energy Efficiency In Industrial Properties
To improve energy use and cut costs, you must first assess where energy is being wasted.
1. Conduct An Energy Audit
An energy audit means going through the building and seeing where energy is being used and where it is being wasted. This audit should include an assessment of lighting, HVAC systems, insulation, nighttime power, and other energy-consuming systems. It's a good idea to hire a professional to conduct this audit, as an expert will be able to compare your building with others of similar specs and pinpoint money and energy-saving opportunities.
2. Upgrade Lighting Systems
Lighting consumes a significant amount of electricity, making it a crucial area for energy efficiency improvements. LED lighting stands out as one of the most energy-efficient options available. In comparison to conventional fluorescent bulbs, LED lights are up to 80% more efficient. They convert an impressive 95% of their energy into light, with only 5% wasted as heat. Also, LED lights provide a robust and consistent output at a lower wattage, further reducing energy consumption.
3. Improve Insulation, Heating, And Cooling
Heating and cooling systems can also take up a large amount of energy, so there may be room for improvement here in an industrial property. Proper insulation (walls, floors, and roofs) can have a big impact on your bottom line as it minimises heat loss and heat gain. Cellulose insulation is one of the most cost-effective and energy-efficient ways to go. It's made from recycled paper or wood fibres that have been treated with chemicals to make them fire-, insect-, and rodent-resistant before being sprayed on walls.
In the last few years, HVAC systems have come a long way. Upgrading your HVAC system to a more energy-efficient model can be an investment into long-term cost savings.
4. Implement Energy Management Systems And Automation
Becoming more energy efficient means embracing technology and automation. Introducing energy management systems is one of the best ways to lower energy costs without relying on people remembering to check energy levels or switch off machines and lights. These systems can control heating, ventilation, air conditioning, lighting, and other energy-consuming systems to optimise energy usage.
5. Make Maintenance A Must
One of the biggest drains on energy is machinery and equipment not operating optimally. Regular maintenance of all the equipment in an industrial property can ensure that no energy (and money) is getting wasted. A regular maintenance programme can also prevent breakdowns, extend the life of equipment (big money saver), and improve safety.
An energy-efficient industrial property is not only great for the environment, but also for businesses' bottom lines. However, it is important to take a holistic approach when it comes to reducing energy usage. By implementing a combination of measures - such as lighting and HVAC upgrades, putting automation in place, and maintaining equipment - industrial property owners can reduce their energy consumption, lower costs, contribute to a more sustainable future, and future-proof their property investments.
Author: API Property Group
