Landlord and Building Owners
Energy Services
Landlords and Building Owners. Get Tenants to pay to upgrade to your building. It's easier than you think - we do all the work.
If your tenants are paying their own utility costs The First Energy Group can show your tenants how to save their money by improving your building! (Look at the left hand bar for why they might want to do so.) Tenant benefits are so great that tenants upgrade buildings all the time. Get a more valuable building at no cost. We can contact them on your behalf or blindly contact them upon your request.
Landlord Cost Allocation (sub metering)
Landlords should know their tenants' energy cost. It's not uncommon to find that one or two tenants, in a multi-tenant space, are using far more than their share of the utility costs. This unfairly punishes your other tenants and drives their costs higher. You might want to just pass on costs above a certain usage, incent them to lower their usage, or adjust rents more fairly. Many landlords have taken to reducing their tenant's rent in exchange for the tenant paying their own utility costs. As energy rates soar the sooner you transfer this expense to your tenants the better.
The First Energy Group can do all the design and implementation to quickly get your building sub metered. A few dollars investment today can save you a fortune as energy rates increase.
Increase your Building Valuation
One final note, each dollar you decrease your energy expense typically increases your building valuation by around $11. Utility cost decreases can have a major effect when you sell or borrow against your building. Keep this in mind BEFORE you re-finance or sell.
Example: (Sample numbers only)
Bulding improvement: $200,000
Annual Energy Savings: $100,000
Increase in Building Valuation: $1,100,000!
No matter whether you borrow against it or sell your building. This $200,000 improvement can generate a tremendously good return. And, that's on top of the $100,000 you save annually.
