Findings from the Smart Energy Analytics Campaign, conducted by the Lawrence Berkeley National Laboratory’s Building Technology & Urban Systems Division, have highlighted the significant efficiencies and cost savings achievable through building analytics. The campaign supported 104 organizations across over 6,500 buildings and more than half a billion square feet, documenting substantial impacts, including median annual energy savings of 3% with Energy Information Systems and up to 9% using Fault Detection & Diagnostics.
New survey findings, released in an eBook by EnergyCAP titled "Save Time, Reduce Costs, Use Less: The ROI of EnergyCAP UtilityManagement™," presents compelling evidence that EnergyCAP customers experience 2.5X the annual energy savings compared to the average energy management system user. Drawing on a comprehensive survey of its customers, EnergyCAP outlines the tangible benefits organizations can achieve by using its EnergyCAP UtilityManagement™ software.
Key findings from the eBook include:
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Dramatic Cost Savings: EnergyCAP users report an average of 7.5% or more year-over-year savings on their total utility bill spend. This percentage substantially surpasses typical savings reported in other energy management systems, including those documented by the Smart Energy Analytics Campaign from the Lawrence Berkeley National Laboratory, which noted median annual savings of 3%.
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Error Detection and Resolution: Each month the average customer takes action on 4.7% of their utility bills flagged through EnergyCAP, promptly correcting costly errors and avoiding overpayment.
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Enhanced Efficiency: By eliminating manual processes, EnergyCAP users save more than 37 hours of employee time each month, freeing up time for strategic initiatives that can drive further efficiencies and cost reductions across their organizations.
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Concrete ROI proof: After implementing EnergyCAP, the average customer experiences a significant return on investment (ROI) within just 2.6 years, with nearly a quarter of users seeing ROI in one year or less.
These findings underscore the effectiveness of EnergyCAP in optimizing energy management processes across various industries, which in turn contributes to more sustainable and cost-effective operations.
Thomas Patterson, CEO of EnergyCAP, emphasized the importance of these findings. "These survey results not only demonstrate the substantial ROI and cost savings our users experience but also reflect our commitment to providing top-tier energy management solutions. We believe that informed energy management is fundamental to operational success and sustainability, and EnergyCAP is at the forefront of making this a reality for organizations worldwide."
The eBook is designed to serve as a resource for decision-makers considering investments in their energy management systems, providing them with real-world evidence of the savings and efficiencies that EnergyCAP can deliver. It's available for download on the EnergyCAP website, offering valuable insights for anyone looking to enhance their energy management strategies and improve their bottom line.
As businesses continue to seek ways to reduce costs and boost sustainability, tools like EnergyCAP UtilityManagement™ are proving essential for achieving these goals efficiently and effectively.
