Increasingly, organizations are making commitments to sustainability. These green initiatives have become very visible with regard to the type, quality and environmental aspects of the buildings they have chosen to occupy. It is a simple and effective way to demonstrate that they are actively engaged in good environmental practices. Many industry reports show that energy efficiency is simply “good business”.
The U.S. Green Building Council cites studies showing that client and market demand and positive return on investment are driving the trend toward green building. It reported that building owners and managers are expected to spend $960 billion between now and 2023 on energy and water efficiency upgrades at existing facilities. Incorporating these features has a 19.2% average return on investment in an existing building and 9.9% in a new facility, according to the Green Building Council.
EPA’s ENERGY STAR® program and the U.S. Green Building Council’s LEED® rating system have gained traction as ways to demonstrate energy efficiency. According to the “National Green Building Adoption Index 2015” by CBRE, there are now more than 26,000 ENERGY STAR-rated buildings, some 3.8 billion square feet, and nearly 23,000 LEED certifications totaling approximately 2.9 billion square feet in the U.S. market.
LEED certification, which includes a commissioning process, allows building owners to take advantage of a growing number of state and local government incentives. A monitoring based commissioning system, like FacilityConneX, can help your building achieve points in LEED v4. LEED also has significant benefits in complying with regulations. For example, buildings are exempted from the NY Local Law 87 requirement for energy audits if they have achieved EPA Energy Star label or U.S. Green Building Council LEED certification for at least two of the three years preceding the filing date.
The ROI of Monitoring Based Commissioning
Monitoring based Commissioning (MBCx) builds off the concept of continuous commissioning, but uses automation to deal with the complexity. MBCx combines continuous monitoring, fault detection and diagnostics and building performance dashboards based on predictive analytics to provide persistent and continuous energy savings with full mobile visualization.
This paper assesses the ROI of monitoring based commissioning reviews the potential cost savings and operational benefits of MBCx.