Energy Modeling and Life cycle costing is a terrific investment as a useful tool that takes the guess work out of energy efficiency projects. By employing an energy model, clients are able to accurately determine what building systems are expending the most energy. This allows building owners to identify energy-efficient opportunities that exist within the facility. Performing this level of engineering prior to an energy efficiency project fulfills utility company requirements for potential incentives to offset initial costs for advanced energy saving measures such as energy management systems or direct digital controls. It also meets the requirements to potentially qualify for the Federal Energy Efficient Commercial Building Tax Deduction which allows property owners to realize tax deductions ranging from $.30 - $1.80 per square foot for projects which employ energy efficient upgrades in both new and existing facilities.
Additional benefits to using an energy model are that property owners are able to determine anticipated utility savings prior to the commencement of the project. With this information, building owners are able to generate an anticipated return on investment to conclude if the project is economically and ecologically beneficial to take on.
Finally, this energy model will grow with the facility. Once the investment of the model is complete, all projects moving forward will be able to add onto the model to determine their economic value easily and at a nominal cost. The information derived from this model will also be able to be inputted into Energy Star’s® Portfolio Manager to potentially qualify energy efficient buildings to receive EnergyStar® Certification.