Improving Efficiency in Commercial Buildings
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N:Banes;Matt
FN:Matt Banes
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TITLE:Partner
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The results of the survey are a real eye opener. Building owners need more help finding ways to fund improving operations and maintenance efficiency. See below.
(Dallas, TX – July 27, 2012) According to a recent industry survey that interviewed nearly 4,000 building owners and operators in 24 industry segments, business owners cite four main barriers to improving energy efficiency in commercial buildings:
• A lack of funding to pay for improvements
• Insufficient payback or return on investment
• Uncertainty of savings and performance
• Lack of technical expertise to evaluate or execute projects
Fortunately, these barriers are simple to overcome with a common-sense approach to the bigger energy savings picture, and the help of a well-trained industry expert. Here are three factors to consider when you are making energy spending decisions:
1. Increased utility savings
Lower energy bills are the number one driver of energy efficiency spending decisions in the U.S. and Canada. Over time, simple changes such as upgrading lighting systems with energy-efficient light sources and fixtures, installing high-efficiency HVAC units or even adding solar panels to the mix can have a big impact on a company's bottom line. You'll start to save immediately on energy bills, and enjoy a greater return on investment over time, thus helping offset the upfront financial commitment.
2. Government utility incentives and rebates
There are many incentives available to businesses that invest in energy-efficient products. Government incentives and rebates can further decrease initial costs. In some areas, reduced-rate loans for energy-efficient investments can offer another incentive to help overcome financial obstacles.
3. Enhanced brand or customer image
Customer attention and retention are two great reasons to invest in energy efficiency. Environmentally conscious consumers take note of businesses that take measures to increase efficiency and lower their carbon footprint, often rewarding them with additional purchases and higher loyalty rates.
For more information, and to find out how Lennox® products can help building owners achieve energy-efficiency goals, visit www.lennoxcommercial.com, or contact a Lennox representative.
Source: Energy Management: "Driving Efficiency," Chain Store Age, October 2011
About Lennox Industries Inc.
A worldwide leader in residential and commercial heating and air conditioning systems, Lennox Industries Inc. is based near Dallas, Texas. Deeply committed to helping consumers and businesses reduce energy needs and lessen their environmental impact, the company offers a wide range of resources for improving efficiency, including a selection of ENERGY STAR® qualified products. Lennox Industries is a subsidiary of Lennox International Inc. and is a global leader in the heating, ventilation, air conditioning and refrigeration markets. Lennox International stock is traded on the New York Stock Exchange under the symbol "LII." To learn more about Lennox International, visit www.lennoxinternational.com. To learn more about Lennox Industries, contact a Lennox sales representative or visit www.lennox.com.
