What is the Return on Investment for Energy Efficiency?
Armed with new local, state and federal rebate and loan options, commercial HVAC offers exceptional ROI for most types of facilities. If you’re investing in HVAC systems at your business, it’s worth researching the expected ROI.
How Much Return on Investing in HVAC?
Choosing the right energy investments can have a profound benefit in terms of return. It’s difficult to provide averages, but most commercial HVAC projects return between 25 and 50%. The older your system, the more impact modern technologies will have on energy use. Other factors, such as changes in fuel source (heating oil vs solar power, for example) offer both immediate savings and mitigate energy price volatility in the future.
Related: Grants for US Schools Include HVAC Upgrades
More Reasons to Invest in HVAC Upgrades
Businesses that upgrade their HVAC equipment enjoy plenty of energy-related benefits, but there’s more to the story.
Employee Satisfaction – Research covering more than 500 financial institutions found that banks with upgraded HVAC systems saved $675 per employee per year. These upgraded “green buildings” also had more engaged and productive workers.
A similar study found that employees in “green” buildings are 16% more productive than employees in non-certified buildings.
Investing in HVAC, Investing in Health
One of the likely reasons for improved productivity is employee health. Improving HVAC equipment and ventilation keeps team members healthy, reduces sick days and improves morale. The right HVAC upgrades can reduce transmissions of communicable disease between 9 and 20%. It can also reduce asthma and allergy symptoms by 18 to 25%. There’s even a study that notes a 27% reduction in headaches.
Maximize ROI with a Full-facility Approach
Make the most of your HVAC retrofit by identifying high-ROI energy opportunities, such as lighting. Combining HVAC upgrades with energy-efficient lighting fixtures can reduce your project’s return on investment by several years.
Replacing incandescent and fluorescent lights can reduce energy costs by 70%.
Replacing old HVAC equipment with automated and smart systems can reduce energy costs by 30%.
Getting Started with Keen Technical Solutions
We can provide accurate HVAC ROI estimates as a part of a comprehensive energy audit. Keen Technical Solutions has worked with businesses in several industries and brings more than two decades of commercial energy expertise to every audit. Get into the details of your energy environment and maximize ROI thanks to our rebate team. Now’s the time to invest in your HVAC system. Schedule a conversation with a Keen consultant today.