If you want to reduce the amount of energy your tenants consume at your rental properties, then you can’t just stop when you find a better supplier. It is also important to reduce the amount of energy your business consumes as a whole. This will reduce the amount you spend on energy, and take strain off of the national grid.
Energy efficiency training
It is incredibly important to teach your tenants how to use energy sparingly during this energy crisis. If they pay you for their energy, then you should explain that the less energy they use, the less they will need to pay for rent every month.
Some of the ways you and your tenants can reduce your energy consumption are:
- Reminding your tenants to switch off lights and appliances that they aren’t using.
- Coming to an agreement with your tenants regarding central heating. For example, determining at what temperature central heating needs to be turned to.
- Encourage your tenants to wash their clothes at a cooler temperature.
- Encourage your tenants to purchase more energy-efficient appliances if it is possible for them.
Ultimately, it is important that your tenants know that by using less energy, they will be saving money. It is also important for you as a landlord to make good on promises about cheaper rent, if your tenants use less energy.
While you might not think so, lights use a lot of energy, and older incandescent lights use even more energy. You’d be surprised about how much money you can save by replacing old light bulbs with more energy-efficient light bulbs.
Many older developments still use incandescent light bulbs, so it would be a good idea for you to replace these bulbs with either compact fluorescent light (CFL) bulbs or LED light bulbs.
CFL light bulbs use between 70 and 80% less energy than traditional light bulbs. LED light bulbs are even more efficient and can last for up to 100,000 hours.
Install a smart meter
If you install a smart meter, you’ll be giving your energy provider more accurate data relating to how much energy you use. This will allow your supplier to charge you more accurately for your usage.
Depending on the type of rental property you have, smart meters may also be able to tell you, which of your tenants are using the most energy. You can then speak with these tenants, ask them why their usage is so high, and find ways to help them reduce it.
Install better insulation
When it is cold your tenants will want to use central heating or other heaters to keep themselves warm. These both use a lot of energy, but you cannot prevent your tenants from doing this, as it is unethical and impractical.
What you can do is install some better insulation. This will make any heating solution your tenants use significantly more effective.
Insulation can last for years, and increase your property value, so it is definitely something to consider.
Replace old air conditioners and central heating systems
Older conventional boilers are far less efficient than system and combi boilers. Unfortunately, if you own a block of flats, one combi boiler will not be sufficient. It will likely be better to install a system boiler that operates on a timer and a thermostat to save electricity.
Older air conditioners also use more energy and are less efficient at cooling down a home. While new energy-efficient air conditioners cost more, they will save you money in the long run by using less energy.
Conduct an energy audit
An energy audit can help you determine what you can do to reduce the amount of energy you use. You can contact an energy auditor who will come to your rental properties and determine what your tenants can do to reduce their usage.