The smartest commercial thermostat has hit the market. The 75F® Smart Stat™ Zone Controller supports the new WELL building standard with immediate data insights for temperature, humidity, CO2, VOCs, light, sound and occupancy from built-in sensors. Each Smart Stat also has a unique radial touch user interface and includes 75F’s cloud-based wireless building automation platform for HVAC, Indoor Air Quality, lighting and energy management to achieve energy savings in the 30-50% range in commercial buildings.
Traditional building automation systems have been both costly and complex for the majority of commercial building owners and property managers, accounting for the fact that less than 15% of buildings have a BAS. Misconceptions about cost often prevent the adoption of smart and sustainable buildings.
When budgeting for a building automation system, it's important to consider both the capital expense (CapEx) or Total Cost of Acquisition (TCA) - the initial cost for hardware, software and installation/services - as well as the Total Cost of Ownership (TCO), which is the ongoing cost to use, upgrade and operate and maintain (O+M) the system.
Newer technologies, like IoT sensors, wireless controls, and cloud computing, are helping lower the cost of building automation systems and making them more affordable and accessible to the majority of buildings that lack smart technology. Still, we know the allocating the upfront capital budget can be a challenge. Luckily, there are a variety of incentive programs on both federal and state levels, plus those from utilities and energy program partners, to make it easier on your wallet to go green.
In this post, we focus on TCA and related incentives that you might be able to leverage to lower your costs to install a smart building automation system. Here, we give you the low-down.
Could your office building be described as… average? Maybe it doesn’t have a fountain in the lobby, or a view of the ocean – but you have four solid walls, a non-leaking roof, and only a few drafty cubicles. Have you ever tried to make your building work with an HVAC hack? Maybe you even taped a piece of cardboard over the vent to manage the airflow. That would be pretty clever of you, MacGyver.
So, if your office building is around 10-20 years old, has some wear and tear, but is generally in good shape, you probably have a Class B building. This is good news. Investors tend to target these buildings since, with a few upgrades, they can easily become Class B+ and compete readily with Class A properties. One of those upgrades is making your Class B smart – and it’s probably easier than you think.
Increasing your net operating revenue is sometimes easier said then done. However, building automation systems are an under-leveraged CRE technology offering huge potential to not only improve the occupant experience, but also increase your buildings' operational efficiency and bolster the balance sheet.
But how exactly can a BAS increase that revenue? Keep reading to find out!
Our friends at the American Society of Heating, Refrigeration, and Air Conditioning Engineers (ASHRAE) outdid themselves this year at the 2018 Minnesota Energy Expo, hosted at the Radisson Blu in Bloomington, Minnesota. Programming spanned three rooms with 13 presentations, including the keynote speaker, ASHRAE National President, Sheila Hayter, plus energy project deployment stories, projections about the future of energy and building automation.
So find a cozy seat and enjoy some of our key takeaways from the 2018 ASHRAE Minnesota Energy Expo!
We all know it, green workspaces are in. Market demand for green buildings continues to double every three years, and the demand is only going up. In 2019, the green building market is expecting to climb from $43 billion to $69 billion in the US alone.
So why is that?