Take Control of Energy Spending
More and more, owners and investors are requiring information on their properties’ energy and water usage. Or maybe you’re facing new regulations that require you to report energy performance to the EPA’s Portfolio Manager. Although utilities are typically the third largest expense at a property1, they are also one of the most controllable. But you can’t take control of them until you can effectively track consumption at your properties. Velocity Advanced Energy Reporting provides you with portfolio-wide visibility into your energy usage and expenses for each meter and commodity so you can effectively manage energy; understand what drives expenses; and track utility bill data—all activities that lead to better decision-making and increased NOI.
Visibility into Utility Bill Data
Valuable data is mined from your utility bills, allowing you to view the energy cost, consumption and rate data for your entire portfolio, region, or individual community. You’ll be able to better understand what drives costs and where inefficiencies are occurring.
Measure Energy Performance
Instantly retrieve information for any meter, commodity or property and create benchmarking charts. Look at the data by cost, usage, or peak watts per square foot; and rank meters by usage and cost per day and unit cost. You’ll be able to instantly determine the group average, measure site performance, and identify abnormal meters, buildings and bills so you can become more efficient over time.
Quickly Identify Utility Consumption Anomalies
Expense and consumption audits and user-defined thresholds help you quickly identify properties that are outside the “norm” in terms of utility consumption or cost. You can take action immediately to help them reduce consumption, and closely monitor ongoing usage.
Manage Environmental Sustainability
You can track greenhouse gas emission via standard reports and trend charts to determine the amount each of your communities is responsible for. It’s easy to determine the carbon footprint for any property and manage your sustainability plans for each property.
Increase NOI with Better Energy Performance Analysis
Gain visibility into your energy spending and consumption with a complete library of reports and graphs that allows you to make streamlined decisions based on real data. You can even elect to eliminate weather conditions as a factor impacting the consumption. Considering energy efficiency projects? With Velocity you can use the energy data to create the baseline for energy efficiency projects and measure the cost avoidance of the project allowing you to calculate the ROI of the project for investors and owners.
Meet Energy Compliance Standards and Reduce Errors
We’ll upload your data to ENERGY STAR Portfolio ManagerTM. This helps you to stay in compliance with any applicable benchmarking or disclosure policies such as New York City’s Greener, Greater Buildings Plan, Washington DC’s Clean and Affordable Energy Act of 2008, and Seattle, Washington’s Council Bill 116731. Automated submissions to the EPA’s Portfolio Manager will save your staff time, and reduces errors that can come from submitting the data manually.
1 NAA 2012 Survey of Operating Income & Expenses in Rental Apartment Communities.