How much does energy management software cost?

17 Jun.,2024

 

How To Assess Building Energy Management System Costs

The average cost of building management systems using traditional applications and strategies is at least $2.50 per square foot, with prices reaching as high as $7.00 per square foot. For a 100,000 square-foot building, that means a cost of around $250,000.

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The specter of low ROI keeps many building operators from taking a risk on the implementation of any BMS. Even when a BMS is purchased, the technology is often only installed for use in those areas of a building that receive the most traffic. Low-traffic locations like warehouses, storerooms, and garages are ignored.

Around 90 percent of all building stock in the United States offer no smart building functionality. Energy consumption by the U.S. is represented primarily by the residential and commercial sectors, with each sector making up a combined 40% of total U.S. energy consumption. When only 10 percent of U.S. buildings make up that high-traffic, BMS-prone population, that&#;s a lot of energy that isn&#;t monitored and controlled, leading to waste and exorbitant energy costs.

Traditional BMS solutions offer a great advantage for a difficult price. Building operators in charge of small or medium-sized businesses are right to be wary. Lucky for them, however, there&#;s another option.

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SmartAnalytics Pricing

In the initial purchase year of EnergyCAP, there are two main fees, an annual subscription fee and a one-time fee.

The annual subscription fee is based on the software features you select and the number of meters (points-of-service) to be tracked. The license subscription also provides hosting services, access to technical support, and regular software upgrades. CAPture Services are included in the annual fees if optioned.

The one-time fees are for professional startup and setup services based on the scope of work to get EnergyCAP implemented and your staff trained.

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