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Apr 8, 2015 12:30:00 PM

Integrate Energy Management Into Your Budget

Calculator With Utility Bill And Energy Rating Chart

3 Ways To Have Room In Your Budget For An Energy Management System

With smart meter demand rising, price points still don't seem to be budging from its premium peak. Many don't realize that with an energy management program in place, the return outweigh the costs. Finding a budget is the first obstacle that needs to be tackled when looking into this expensive solution.

How to make room in your budget:

  • When participating in energy monitoring programs, demand response payments are pocketed.
  • Incentive programs are popping up everywhere from utility companies, because they're now more streamlined.
  • Plan ahead when framing your supply contract. Be aware that your ROI starts early on, and remains a long-term benefit.

Another consideration, besides allocating space in your budget, is to know which smart meter is right for the job. First you need to define the objectives of the application, whether its reducing energy consumption or enrolling in a utility demand response program. Does this application require a certain level of performance and data. Does the smart meter need to transmit data through a Building Automation System (BAS) or a Building Energy Management System (BEMS) Setra's Power Patrol is extremely versatile, because of it's ability to fit within a variety of applications:

  • Demand Response
  • Energy Cost Allocation
  • Equipment Efficiency Tracking
  • Preventative Maintenance
  • Tenant Sub-Metering
  • Net Metering

 

(Source: http://energysmart.enernoc.com/3-ways-to-unlock-budget-for-better-energy-management-tools)

 

CLICK HERE to learn more about the benefits of Setra's Power Patrol.

Topics: Energy Management, Building Automation, HVAC/R

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