80% of Building Owners Expect Energy Price Spike

Survey indicates that energy savings remain prime motivator for reducing energy use

Average Target: 12% Energy Reduction

Approximately 80% percent of building owners expect to see double-digit increases in energy costs over the course of the next year. This expectation has prompted widespread energy reduction with an average target of 12 percent, according to Johnson Controls’ annual global energy efficiency indicator survey. The survey included nearly 4,000 building owners and operators around the world. Lighting,  heating, ventilation, air conditioning and controls improvements appear to be the most popular energy efficiency improvements.

Survey indicates that energy savings remain prime motivator for reducing energy useThe survey showed that the primary motivating factor for energy efficiency projects continued to be energy cost savings. Government incentives were important motivators as well, as was enhanced public image, ranking second and third  in the survey, respectively. Greenhouse gas reduction, which ranked as the second highest motivator in 2010, ranked fourth in 2011.

Access to funding topped the list of barriers  to energy efficiency projects for respondents in the U.S./Canada (38%) and Europe (30%).

Nearly 40 percent of respondents achieved at least one green building certification, twice as many as the prior year. An additional 32 percent have incorporated green building elements. The 39 percent of building owners planning to pursue green building certifications for existing buildings slightly the 35 percent with plans to certify new construction.

The research also found that building owners have greater access to energy data, but few are taking advantage of it. More than eighty percent measure and record data at least weekly or monthly, but fewer than 20 percent review and analyze that data at least weekly. Those who have implemented smart grid/smart building technology such as advanced energy metering and management systems are nearly 3 times more likely to review and analyze their data frequently.

Organizations that set a reduction goal, analyze energy data frequently, add internal or external resources, and use external financing were found to implement four times as many improvement measures as those who did none.

And more good news for vendors, seventy-seven percent of U.S./Canada building owners plan to include green building elements in their facility plans in the next 12 months.

The global and North America survey results will be released today during the 22nd annual North America Energy Efficiency Forum in Washington, D.C..

adapted from a post at Environmentalleader.com