Energy Savings as a Service (ESaaS)

February 03, 2025

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🎯 This Week’s Strategy:

  • Energy Savings as a Service (ESaaS)


🌐 Boardroom Brief:

  • EV Fire Concerns Lead to HOA Parking Restrictions

Strategy

🎯 Energy Savings as a Service (ESaaS)

Energy efficiency is becoming a top priority for many homeowners’ associations (HOAs), especially as utility costs rise and sustainability initiatives gain momentum. One way HOAs can optimize their energy use without the burden of large upfront investments is through Energy Savings as a Service (ESaaS). This model allows associations to implement energy-saving solutions like LED lighting, HVAC upgrades, and smart energy management without needing to allocate significant capital.

How ESaaS Works and Why It’s Beneficial

Energy Savings as a Service is a model where a third-party provider upgrades, maintains, and optimizes an HOA’s energy infrastructure such as lighting, HVAC systems, and solar energy without requiring the association to pay upfront costs. Instead, savings generated from reduced energy consumption fund the service over time. This enables HOAs to lower utility bills, reduce carbon footprints, and improve sustainability efforts without straining their budgets.

Key Benefits for HOA Communities:

  • Immediate Cost Savings: HOAs can reduce energy expenses right away without needing a large capital investment.

  • No Maintenance Hassles: The service provider handles ongoing maintenance and upgrades, reducing the burden on HOA management.

  • Environmental Benefits: Energy-efficient solutions contribute to a more sustainable community, which can enhance property values and attract eco-conscious homeowners.

Implementing ESaaS in Your HOA

  1. Assess Your Community’s Energy Needs: Conduct an energy audit to identify inefficiencies and potential savings opportunities. Many ESaaS providers offer this service for free.

  2. Choose a Trusted Provider: Research companies that specialize in ESaaS and compare contract terms, ensuring that projected savings align with your HOA’s budget goals.

  3. Negotiate a Performance-Based Contract: Look for agreements where the provider is paid based on actual energy savings achieved, ensuring a win-win outcome.

  4. Monitor and Report Savings: Use data tracking tools provided by the ESaaS vendor to measure energy reductions and communicate progress to homeowners.

  5. Engage the Community: Educate residents on how energy efficiency initiatives contribute to cost savings and sustainability efforts.

By adopting ESaaS, HOAs can make impactful energy improvements with minimal financial risk, leading to long-term cost savings and a more sustainable community.

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Boardroom Brief

EV Fire Concerns Lead to HOA Parking Restrictions

A homeowners association (HOA) in Saratoga Springs has implemented a temporary restriction on electric vehicles (EVs) parking in its underground garage, citing fire safety concerns. While EV fires are statistically less common than gasoline vehicle fires, they present unique challenges due to the nature of lithium-ion battery combustion. Firefighters acknowledge that suppressing an EV fire in a confined space like a parking garage can be complex, requiring specialized equipment and techniques. Some homeowners support the restriction as a precautionary measure, while others believe that alternative safety solutions, such as fire suppression blankets or designated parking areas, could be a more balanced approach. As EV adoption continues to grow, HOAs and homeowners alike are considering the best ways to address fire preparedness while adapting to evolving vehicle technology.

Game

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