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Earth Day
By Erica Rascón on Apr 19, 2017 in News
In preparation for Earth Day on April 22, we are exploring a few ways to celebrate that can benefit your business while promoting sustainability.
More than 190 countries celebrate Earth Day every year. Individuals, families, and organizations combine efforts to support sustainable initiatives. Aside from employee participation and donations, businesses largely miss out.
The sustainable programs below offer notable benefits to for-profit entities.
Yardi Smart Energy Suite
Yardi Smart Energy Suite includes products for total insight and management of your energy consumption and costs, including REC purchases and Yardi E2 Insight. Combining your energy initiatives into one platform for utility billing recovery, paperless utility invoice and payables processing, HVAC optimization and smart thermostats, let’s you leverage the data with your property management information for better results. The mobile-ready stack of energy management solutions can be customized to meet your needs and facilitate the greatest cost savings for your company–without sacrificing tenant or employee comfort.
Yardi E2 Insight
You can’t manage what you can’t measure. Yardi E2 Insight collects cost and usage data down to the individual building meter. The reports generated allow you to precisely measure and moderate your energy usage.
Program analytics can be adjusted to account for seasons, building size, occupancy, and other factors to ensure that you report the true performance of your assets.
Modules within Yardi E2 Insight dashboard facilitate easy benchmark reporting. Get effortless access to the data that you need to complete complex reporting requirements. Such reports can help your company qualify for portfolio-wide certifications issued by GRESB and ENERGY STAR® Portfolio Manager®.
For more on Yardi E2 Insight, call (800) 866-1144 or request more information online.
Renewable Energy Certificates (RECs)
It is now cheaper than ever to offset the harmful emissions that your company generates.
The prices for National Voluntary Wind RECs have dropped in recent years due to an increase in wind farms in the United States. Wind farms now generate almost 5% of our nation’s energy. The increased supply results in lower prices for purchasers.
The chart below demonstrates the recent costs for RECs. You can use the chart to understand how much it would cost your company to offset emissions.
| Cost Per MWh | ||||
| Volume (MWh) | 2017 | 2018 | 2019 | |
| 1,000 | $670.00 | $820.00 | $910.00 | |
| 10,000 | $4,600.00 | $5,600.00 | $6,500.00 | |
| 25,000 | $10,250.00 | $12,250.00 | $15,750.00 | |
| 50,000 | $39,000.00 | $47,000.00 | $59,000.00 | |
| 100,000 | $74,000.00 | $90,000.00 | $112,000.00 | |
| 200,000 | $72,000.00 | $86,000.00 | $104,000.00 | |
| 300,000 | $105,000.00 | $123,000.00 | $150,000.00 | |
Emissions reductions from RECs demonstrate a degree of environmental stewardship. RECs give you the opportunity to market your property as a sustainable building which can attract tenants and investors.
If you have a publicly traded company and you are reporting to Global Real Estate Sustainability Benchmark (GRESB) or to the Carbon Disclosure Project, your RECs can help you report lower emissions numbers.
Now is a great time to take advantage of this decline in the REC market. Contact [email protected] or call (914) 767-3100 for more information.
Users get the results from their program analysis in less than one week, from start to finish.
Make Earth Day work for you this year. To learn more about the Smart Energy Suite, attend an Energy industry event near you. There are six events scheduled for Spring/Summer 2017.
