It's no surprise that property ownership and management want to know the ROI of past energy efficiency investments before approving more big purchases. But even the best trained chief engineers and facilities managers don't have the time to make the many repeated measurements and analyses needed to prove the ROI of past purchases.
Automating the measurement & verification (M&V) process saves chief engineers and facilities managers precious time to get rolling on their next energy efficiency project, and earn the trust of ownership and management. It's also much less expensive than the standard $30,000 per year plus $5,000-$8,000 for reports.
M&V is a simple process of using accurate measurement tools that automatically and repeatedly measure energy consumption from the device or circuit panel in question. The best tools for M&V have the following 3 characteristics:
1. Allow for remote monitoring without intrusive hardware or onsite servers
2. Are highly accurate in their measurements to give the full picture of what's going on
3. Are associated with an analytics service or self-serve tool that allows for flexible analysis of ROI