Improving Energy and Water Efficiency: A Simple Guide for Property Owners
Optimizing your property for energy and water efficiency is a smart move, whether you're the owner or tenant. There are numerous ways to achieve this, along with resources available to aid you in the process.
While Energy Star and WaterSense programs, offered by the U.S. Environmental Protection Agency, can assist in purchasing energy and water-efficient equipment, some property owners may still hesitate due to upfront costs. To help alleviate this concern, the EPA provides a rebate finder tool to locate incentives, and North Carolina State University maintains the Dsire database of state incentives for renewables and efficiency.
If you're the tenant and not paying the utility bill, you might be surprised to learn that utility bill savings can lead to operational savings. For instance, in many cases, water costs are paid by the property owner. Installing water-efficient equipment can reduce operational costs, as well as energy costs associated with common facilities like hall lighting and air conditioning. To identify these opportunities, consider conducting an energy audit. Some utility companies, such as XYZ, offer these services.
Upgrading properties for energy efficiency brings numerous benefits. According to a 2024 EPA report, energy-efficient buildings command higher sale and rental prices, as well as higher occupancy levels. They also have a lower default risk for commercial mortgages.
As winter approaches, consider energy conservation measures such as high-efficiency furnaces or boilers, programmable thermostats, heat pumps, and weatherstripping ductwork. These measures can add value to your property by reducing energy waste and improving indoor air quality.
Beyond Energy Star, several energy efficiency certification standards can assist in property improvements. For example, consider LEED by the U.S. Green Building Council, BREEAM from the Building Research Establishment, or EarthCraft from the Southface Institute and the Greater Atlanta Home Builders Association.
Regardless of the standard you choose, remember that energy and water efficiency is always a win-win situation. You'll save money, utility companies won't have to produce as much energy, and the environment will benefit from reduced energy usage.
Here are some key strategies to optimize energy and water efficiency:
- Insulate hot and cold-water pipes using foam sleeves or insulating wrap with a minimum of RSI 0.7 (R-4) insulation.
- Upgrade to ENERGY STAR certified appliances, such as gas-fired tankless water heaters.
- Regularly maintain heating, cooling, and ventilation equipment.
- Seal all supply duct work with approved materials.
For water efficiency, consider the following:
- Install low-flow showerheads and faucets.
- Upgrade to water-efficient toilets, particularly for rental properties attracting large families.
- Implement water-saving strategies, such as installing a low-flow showerhead.
- Utilize on-site water reuse systems.
By utilizing these strategies and available resources, property owners can significantly optimize energy and water efficiency, leading to cost savings and a reduced environmental footprint. Resources like the Canadian government, EPA WaterSense program, smart meters, and Focus on Energy provide valuable information and incentives to help you get started.
Property owners who are hesitant about upfront costs for energy-efficient equipment can utilize the EPA's rebate finder tool or the Dsire database to locate incentives. Implementing water-efficient strategies, such as installing low-flow showerheads and faucets, can lead to substantial water savings, as water costs are often paid by the property owner.
