Apartment owners and homeowners have come to expect our utility bills to increase from year to year, though rarely do we have a chance to significantly reduce those bills. This quandary provides opportunities for savings, though. High utility costs and decreasing energy availability have dictated that building managers and board members pay closer attention to the bottom line when considering their building's utility costs and needs. Necessity, in the form of skyrocketing utility costs and widespread power outages, has fueled the increased use of alternative energy systems and alternative ways to save energy.
New Products Economize
In our leaner, greener world, new products and programs can help buildings save big money on utility costs. Such programs can decrease a building's dependence upon the power grid, help the building to contribute to the overall supply of available electricity, or even ensure that the building stays cool and illuminated during power outages that darken neighboring buildings.
To tackle the increasing power needs of large residential buildings and to provide energy for such buildings during power outages, some buildings and large developments have started "co-generation" and/or "demand response" programs. Co-generation programs enable a building or group of buildings to generate some of their own power and then use it themselves to save money. It also allows them to stabilize their power supply during times of heavy usage, such as during very hot weather or very cold weather.
Demand response is a similarly economical concept, which basically increases or decreases utility output based on demand. The most difficult part of implementing a demand response system or co-generation program might be figuring out what type of program works for your specific building.
How your building or community might benefit from such a program is a question that, these days, is more often on the minds of those involved in the management of co-op and condo buildings. For people who are curious about how such programs work, professionals who specialize in these programs are available to help. Such companies will do an analysis of your building's energy uses and needs, and help to put your building on a more economical track in its energy consumption.