Energy Efficiency, Rising Bills, and Happy Tenants: If Only We Had a Magic Wand
Let’s face it: managing commercial properties in the UK isn’t getting any easier. Between staying on top of energy efficiency standards, juggling ever-rising energy costs, and keeping tenants satisfied (without pulling your hair out), it’s a wonder property managers haven’t all turned to wizardry by now. If only you could wave a magic wand and make it all disappear…
But alas, we’re in the real world, where solutions take a bit more effort than an “Abracadabra.” That doesn’t mean there isn’t a way forward, though - because there is. Let’s tackle the challenges head-on and see what “good” really looks like in today’s property management game.
Challenge 1: Energy Efficiency Standards Are A Moving Target
Remember when “energy efficiency” just meant turning off the lights when no one was in the office? Those days are long gone. With Minimum Energy Efficiency Standards (MEES) tightening, and the government’s push for net-zero, it’s no longer enough to add some insulation and hope for the best.
Commercial properties now need to meet EPC Band B by 2030. That’s no small ask, especially for older buildings with outdated systems. The alternative? Risk fines, legal trouble, and even losing tenants who prefer more eco-friendly digs.
What good looks like: fully funded renewable energy solutions, like solar panels and battery storage, can help you hit those targets while reducing reliance on expensive grid power. Plus, it’s a win for your ESG credentials - a box every savvy tenant is looking to tick these days.
Challenge 2: Soaring Energy Costs
If you’ve ever cringed at your energy bill, you’re not alone. Rising energy prices have become a nationwide headache, but for commercial property managers, they’re more like a migraine. Keeping communal spaces powered, lifts running, and heating on during cold snaps eats into profits faster than you can say “price cap.”
What good looks like: Imagine stabilising energy costs with a solution that also boosts your green credentials. Solar panels, paired with battery storage, will significantly cut your energy bills by generating and storing your own power. And here’s the kicker: a fully funded model means no upfront costs for you. If that doesn’t sound like magic, we don’t know what does.
Challenge 3: What Do Tenants Want Now (and Tomorrow)?
Tenants these days are a demanding bunch (and rightly so). They’re looking for energy-efficient properties that align with their values and don’t cost a fortune to run. Add in expectations for top-notch facilities, sustainability features, and fast responses to maintenance issues, and it’s enough to keep anyone on their toes.
What good looks like: Happy tenants stay longer, are happy to pay the premium needed, and even recommend your properties to others. Offering energy-efficient spaces, powered by renewable energy, not only saves them money but shows you’re serious about sustainability. Throw in some visible green features like solar panels or EV charging points, and suddenly, you’re the landlord of the year.
Waving the Wand (Sort Of)
While we’re fresh out of actual magic wands here at Getricity, we do have something that comes pretty close. Our fully funded solar and battery storage model helps you tackle all three challenges in one fell swoop.
So, commercial property managers, what are you waiting for? While we can’t wave a magic wand, our solutions come pretty close. Let’s turn your challenges into opportunities and help your clients go green whilst saving money. Ready to learn more? Give Getricity a shout, and let’s start building your future-proof portfolio today.