Transform Efficiency into Revenue
Sustainability has never been so profitable
From business intelligence to connected systems, there are many ways to increase profitability for your business as an occupant. But when you own the building, you can convert your ceiling into a new source of income.
Historically, the challenges facing energy efficiency adoption have been based on misaligned incentives. Building owners won’t invest because the savings flow to the tenants. Tenants won’t invest because they don’t own the building.
Elevant solves the split incentive problem by aligning owner and occupant interests. Occupants are able to benefit from lower monthly operating expenses, while building owners are able to increase income by converting energy efficiency into revenue. When energy efficiency is metered as accurately as a utility, it can be transacted on. The same way a utility charges for energy consumption, a building owner can pay for energy upgrades by charging for energy efficiency.
We make metering energy efficiency possible so building owners can monetize energy efficiency production. This solution incentivizes all parties to participate in sustainability initiatives, which improves bottom lines as well as the planet at large. Owners can transform their building systems into a revenue stream, and occupants enjoy a more comfortable and productive space with no changes to their bill. After all, energy saved is energy generated. Why not leverage that energy efficiency into a profit center?
Proven Use Cases
Building owners are able to increase their revenue based on the efficiency generated from an upgrade. We’re able to implement solutions that reduce energy costs by $1 per square foot. This means building owners are able to bill tenants for that amount, which demonstrably creates a new revenue stream of $1 per square foot for the owner.
Attract new prospects and retain existing tenants with reduced operating expenses that come from upgraded building systems. Allow tenants to compare the energy and maintenance costs to your competitors and prove the cost savings that come with a fully controllable building environment.
Prove Your Savings
With investment dollars and contracts on the line, energy transactions require a metering solution that is rigorous, repeatable, and timely. Our meter delivers the transactable certainty, speed, and reliability that utilities, investors, building owners and tenants demand.
Net Operating Income
We exist to improve your Net Operating Income (NOI) as much as possible. We’ve not only increased top-line revenue, but are also able to reduce your operating expenses on common areas. You can drastically lower the costs of running your building—from repair costs and maintenance to HVAC and utilities. All of these factors combine to help your building value soar.
As we all know, businesses have a finite amount of resources. So we do not propose a solution that is just going to require more administration and increase complications. Instead, transactions are automated through a trusted third party while reports are automatically provided based on preferences. Simple, elegant, and the solution to the split-incentive problem.