In our newsletter we have often talked about energy audits being an investment rather than a cost. This is because the initial expense can have on going benefits in terms of energy savings. There is nothing like a real life example to bring this home. Our Alliance partners, DNA Electrical carried out an initial energy audit for a large warehouse on the Central Coast.
This resulted in a range of initiatives including a number of no-cost and low-cost options that could be implemented straight away. A second round of initiatives required the installation of computer controlled voltage management equipment on the lighting circuits. All initiatives where assessed by the company on a business case basis and they stacked up.
Later, application was made for Energy Saving Certificates which was successful and ultimately generated a cash return. The certificates effectively lowered the capital cost and shortened the payback period. This good news story made the local paper which captured the moment of payment!