The Victorian Energy Upgrades (VEU) Program, implemented by the Victorian Government continues to achieve great results for Property Owners.
The program was implemented by the Victorian Government in order to:
- contribute to the reduction of greenhouse gases
- make energy efficiency improvements more affordable
- encourage investment, employment and innovation in industries that supply energy efficiency goods and services
Under the program, Facility Managers have had access to applying for and achieving sustainable solutions for the commercial and industrial buildings they manage, with the installation or ‘change-over’ of new LED lighting. These upgrades have provided huge energy-savings, whilst greatly improving energy efficiency.
What’s ahead for Property Owners under the VEU Program?
Recent framework suggests that the building sector could potentially deliver a 23% reduction in CO2 emissions by 2030, with projected reductions reaching up to 55% by 2050.
Property Owners and Facility Managers are key to unlocking energy efficiency potential in the mid-tier sector. Being responsible for leases and capital expenditure, it’s important for both to be well-informed in all main aspects of energy efficiency and to understand how energy efficiency affects tenant satisfaction and retention, asset value and rental returns.
‘Long term asset planning, that incorporates comprehensive energy performance, can contribute to significant operational savings over the lifetime of the system.’
Whilst Facility Managers and Building Owners work at the core of energy efficiency in buildings, it’s important to incorporate tenant’s needs, whilst integrating with new technology. Facility Managers need to understand and drive building performance in terms of energy efficiency, both during general operation and during maintenance works.
Proactive asset management in energy efficiency, along with a strong capacity of building knowledge is highly influential in achieving performance goals in the mid-tier sector. Facility Managers and service providers need to understand building performance whilst advocating on energy efficiency to owners, contractors and other service providers.
Feedback received from Facility Managers following LED lighting upgrades has reported their jobs to have been made easier, due to:
- Reduced energy bills
- Reduced tenant complaints
- Reduced maintenance costs, including fewer site visits to rectify problems
- A reduction in response times for detecting and fixing issues
- Reduced manual interventions; within the control process and system
- An increased understanding of ways to both manage and improve energy performance across building systems
Looking to achieve sustainable solutions? Prolux provide accredited LED lighting upgrades and power solutions for all commercial and industrial buildings. Call Prolux today for a building appraisal 1800 800 880.