The electric bill of your unit like a bed and breakfast or other hospitality property can take a hit each year during the hottest and coldest months if you are not careful. The HVAC unit will work even harder to keep your property cool or hot depending on the season. Appliances that are not energy-efficient can also drain your energy budget faster. Therefore, it is important to educate yourself about keeping your costs down in your property by utilizing smart methods. Here are some techniques that you can use to keep your property’s energy costs down.

Invest in Energy-Efficient Appliances

One of the best things that you can do for any of your properties is to invest in energy-efficient appliances. Whether it is a washer, dryer, dishwasher, or something else, these smart devices can save you tons of money each year. Even if guests aren’t using them, your employees and cleaning crews will use these sorts of appliances every day. Earth Easy explains that many times when you’re buying a new appliance you need to do your research. Find the right refrigerator, washer and dryer, and dishwasher for your needs and try not to buy something too big or something you don’t need. Each machine is built with energy-saving technology that will help you cut costs altogether after usage.

Installing Smart Thermostats

Outdated thermostats can become a costly problem, as they are present in many homes which are later converted to bed and breakfast establishments or office space. Energy is a high operating expense, and older thermostats aren’t capable of adjusting themselves to fit the needs of the space. According to Verdant, most units are vacant 62 percent of the time, but energy represents the second highest operating expense. Smart thermostats are able to reduce energy waste by only operating when people are in rooms or units, and automatically adjusts themselves when people aren’t present. Do yourself a favor and invest in smart thermostats to see cost savings each time your electric bill comes around.

Get Energy-Efficient Windows

Windows can absorb heat during the summertime and can cause your AC to work harder. It will attempt to cool the building in a never-ending battle with the heat that is being poured into your home. Energy-efficient windows will help absorb this heat and will help prevent it from entering your home. This is a great method for saving tons of money each summer and for keeping your house cool. What’s even better is that you can find various styles and designs to fit your needs. This is doubly important for older buildings, since many of them still have their original windows and frames. That being said, Modernize cautions, “in many newer homes, updating your windows generally won’t have a high ROI. For older homes with warping wooden frames or single pane glass then you are going to see a higher ROI. Also if you’re planning on selling your home, replacing the windows can greatly improve your asking price.” Energy-efficient windows can be customized for the look you want and are great for creating the perfect aesthetic your business is going for.

Technology has enabled people to save energy in their businesses. Innovations have paved the way for energy-efficient devices that are not only good for your electric bill but also positively impact the environment. It is essential to educate yourself on the latest trends in energy-saving devices and how they can save you tons of money on your energy bill. Use this guide to help research these energy-saving devices on the market and select the one that fits your property the best.

If you’re looking for your next business property, keep 207 Prime Properties in mind! Check out our extensive listing section and find your next golden opportunity!

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