Retrofitting is one of the most important developments of our generation towards a more energy efficient future, and since buildings are responsible for around 40% of EU energy consumption, this presents companies with opportunities to accelerate decarbonization policies and achieve a net-zero emissions economy by 2050.
In fact, latest studies show that almost a third (30%) of councillors rank retrofitting existing buildings as their top priority for low-carbon infrastructure projects. However, around 86% of organisations underestimate the need to retrofit, assuming that come 2050, more efficient new buildings will replace them. But what is retrofitting? And how can it benefit both businesses and their customers or occupants alike now and into the future? Let’s explore the answers to these questions in greater detail.
What is Retrofitting?
Retrofitting involves making modifications to an existing system or structure in order to improve its performance. In terms of buildings, this process can include basic steps such as installing insulation, smart metres and state-of-the-art HVAC systems, replacing old windows with double-glazed ones, or upgrading lighting fittings to longer-lasting LEDs. It can also involve more complex measures, like implementing solar panels or wind turbines to create natural renewable energy.
The Benefits of Retrofitting Buildings
Aside from reducing your carbon footprint, there are numerous benefits that come from retrofitting buildings to improve energy efficiency:
Cost-savings
Replacing outdated equipment with newer, more efficient models can significantly reduce the amount of energy needed to heat or cool a space, leading to lower operational costs and savings on utility bills over time.
Additionally, retrofitting projects may be eligible for government subsidies or grants to help cover costs, and most utility companies also offer incentives for businesses that implement energy-saving measures too.
Increased comfort and safety
Retrofitting buildings can also help create better working environments for tenants or employees by improving indoor air quality, reducing drafts and outside noise, and controlling humidity levels inside the building.
Furthermore, older buildings often have outdated wiring, appliances and plumbing systems that may not be up to current safety standards. Upgrading these can help prevent fires and other disasters from occurring.
Competitive advantage
Finally, upgrading your property portfolio with green retrofitting is a great way to gain an edge over the competition. Not only does it increase value in both short-term and long-term markets, but also makes buildings more attractive for buyers or tenants – ensuring greater returns down the line!
Get started
To get started on your own retrofit project today, assess and evaluate your current building structure to determine which areas require attention, before looking into available solutions that best fit your needs. Once completed properly, you’re sure to reap all the rewards that come along with improving your buildings’ energy efficiency!
For those who are interested in learning more about how they could benefit from retrofits in their facility management practices, Hebs Group offers comprehensive FM services and support tailored specifically towards leaders who want to maximise their return on investment and transform their business for a greener future.
Call our team on 0151 2360707 or send us a message to info@hebs-group.co.uk and we will be happy to help discuss your options.
