Options for Monitoring Energy Usage

by ‐ Tags: tracking and benchmarking

Excessive utility usage can often go unnoticed without an effective method for tracking. Tracking the energy and water usage in your multifamily building(s) is a good way to spot potential problems and it’s good for your bottom line! There are many ways a property manager or owner can track utility usage, each with different benefits and downsides. Some of the pros and cons of 4 different tracking methods are evaluated below.

Manually Entering Data into Spreadsheets

This refers to entering data from your bills into a spreadsheet, such as one from Microsoft Excel or Google Sheets.

Pros

Cons

 

Using Hardware

Hardware options are physical items you can use to track usage (as opposed to reading off the bill or using a software program). Some hardware options measure just one appliance or circuit, while others connect to an entire meter.

Pros

Cons

 

Manually Entering Data into Portfolio Manager

Portfolio Manager is a tool created by the Environmental Protection Agency (EPA) that allows you to track your utility usage by manually entering the data from your bills.

Pros

Cons

 

Using Automated Tools to Track & Analyze Data

Automated tools are available online and can automatically collect your utility information from your provider.

Pros

Cons

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