As a business owner, it’s important to be aware of how much does an energy audit cost. An energy audit is conducted in order to assess your company’s current level of energy efficiency and make recommendations for improvement. The cost of an energy audit will vary depending on the size and scope of your business, but it is typically between $500 and $5,000.
While the initial cost of an energy audit may seem like a significant investment, there are many benefits to having one completed. An energy audit can help you identify areas where your company is wasting energy and money, as well as pinpoint opportunities for improvement that can save you both in the long run.
In addition, regular audits can help ensure that your company remains compliant with state and federal regulations regarding energy use.
So, how much does an energy audit cost?
There are several different types of professionals who can perform an energy audit at your facility. Most businesses choose to work with certified energy auditors who have specific training and experience in conducting these types of assessments.
Table of Contents
How Much Does an Energy Audit Cost?
An energy audit is an inspection and analysis of a home or business to identify opportunities for energy savings. An energy audit will recommend ways to reduce energy consumption and lower energy bills.
Many times, energy audits are conducted by utility companies or state and local governments to encourage customers to save energy.
However, energy audits can also be conducted by private energy auditors.
Energy audits can be conducted on any type of building, including homes, office buildings, retail stores, warehouses, factories, and hospitals. Energy audits can be conducted for various reasons.
For example, energy audits may be conducted to:
- Determine the energy efficiency of a business.
- Identify ways to reduce energy consumption.
- Lower energy bills.
- Encourage customers to save energy.
- Evaluate the effectiveness of energy-saving measures.
- Meet the requirements of energy efficiency programs.
An energy audit typically includes a review of past energy bills, an inspection of the home or business, and recommendations for energy-saving measures.
The specific components of an energy audit vary depending on the type of building and the purpose of the audit.
The cost of an energy audit depends on the size and type of building, the scope of the audit, and the qualifications of the auditor.
Energy audits can cost anywhere from $500 to $5,000 or more.
(Source)
What is a Commercial Energy Audit?
An energy audit is used to determine the most cost-friendly methods of reducing your energy usage. A commercial building efficiency analysis provides a detailed analysis of how, where, and when energy is being used in your facility, as well as the costs associated with it.
It lists specific engineering or architectural changes that, if made, will cut your energy bills.
A score is assigned to each recommendation based on its cost, benefit, and trade-off.
The American Society of Heating, Refrigeration, and Air-Conditioning Engineers, Inc. (ASHRAE) defines three levels of energy audits:
- Level 1 – Walk-through Analysis
- Helps you identify the most immediate, simple, and quantifiable energy cost-saving strategies.
- Level 2 – Energy Survey and Engineering Analysis
- The audit provides specific recommendations and estimated budgets for each recommendation.
- Level 3 – Detailed Analysis of Capital-Intensive Modifications
- Provides detailed cost analysis and financial projections, enabling decision-makers to make informed financial decisions.
Each outcome of a commercial energy assessment is unique to the specific conditions of the business and to the solutions needed.
How Much Does a Commercial Energy Audit Cost?
The cost of a commercial energy audit depends on the type of business being assessed and the reason for the inspection.
A commercial energy assessment is priced according to the following factors.
Energy Audit Level
Depending on the level of business, there may be additional levels for addressing individual project needs.
Facility Size
A larger building with more square footage and more than one floor will obviously cost more than a smaller one with fewer square feet.
Business Type
Big facilities, such as manufacturing plants, that require a lot of power to run multiple machines and lights, will be more expensive than smaller businesses.
Assessment Scope
An interior-only assessment of one office building will be less expensive than an assessment of multiple office buildings.
How Often Should You Get an Energy Audit Done?
An energy audit is an important tool that can help you save money on your energy bills. It is generally recommended that you get one every two to three years. This will ensure that your audit is up-to-date and that you are taking advantage of the latest energy-saving technology.
If you are thinking about getting an energy audit, contact a professional energy auditor in your area. They will be able to assess your home and give you a personalized recommendation as to how often you should get an audit.
FAQs About How Much Does an Energy Audit Cost
Are energy audits worth it?
While it may be expensive to get an energy audit done, the long-term savings on your electric bills will be well worth it. By investing in energy-saving improvements, you can cut your energy costs by up to 30%.
How long does it take to do an energy audit?
An energy assessment usually takes between 1-3 hours to complete, depending on the size of the property and the complexity of the project. Your registered advisor will take measurements both inside and outside.
Conclusion
How much does an energy audit cost? The overall cost of an energy audit will vary depending on the size and scope of your business. However, most businesses can expect to pay between $500 and $5,000 for a comprehensive assessment.
While this may seem like a significant investment upfront, regular audits can help ensure that your company remains compliant with state and federal regulations regarding energy use.
In addition, having an energy audit completed can also save you money in the long run by identifying areas where your company is wasting energy.
If you’re considering having an energy audit done at your business premises, contact a qualified professional today to learn more about what they could do for you!
As a business owner, you understand how important it is to be efficient and save money where you can. An energy audit from VITALITY will help you do just that. Our team of experts will analyze your current energy usage and make recommendations on how to improve efficiency and lower costs.
Contact us today for a free consultation!
