{"id":23996,"date":"2020-04-24T05:34:39","date_gmt":"2020-04-24T12:34:39","guid":{"rendered":"https:\/\/www.yardi.com\/blog\/?p=23996"},"modified":"2026-02-22T15:42:55","modified_gmt":"2026-02-22T23:42:55","slug":"gold-diggers","status":"publish","type":"post","link":"https:\/\/www.yardi.com\/blog\/gold-diggers\/","title":{"rendered":"Gold Diggers"},"content":{"rendered":"<p>In 2019, hundreds of organizations including real estate firms used <a href=\"https:\/\/www.energystar.gov\/buildings\/about-us\/campaigns\/treasure_hunt\/what_others_have_done\">Energy Treasure Hunts<\/a> to reduce energy use by up to 15 percent and they\u2019re hoping for even more participation in 2020. As explained on the ENERGY STAR\u00ae website, Energy Treasure Hunt teams walk around facilities looking for quick ways to save energy. Those fast fixes can add up to big savings, which is like finding buried treasure.<\/p>\n<p>Companies from various industries participated in the inaugural year\u2019s Energy Treasure Hunt including AMLI Residential, Bozzuto Management, Colgate, Allergan, Kilroy Realty Corporation, Columbia Association, Boeing, Lockheed Martin and Nissan.<img loading=\"lazy\" decoding=\"async\" class=\"alignright wp-image-24146\" src=\"https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2020\/05\/rsz_energy_savings_are_gold-1024x576.jpg\" alt=\"\" width=\"424\" height=\"239\" \/><\/p>\n<p>For multifamily and commercial real estate operators, the Energy Treasure Hunt checklist, called a Treasure Map, includes a detailed audit of lighting, building envelopes (inspecting all doors and windows for gaps and damage), equipment and plug loads and HVAC systems. Using energy efficient lighting, improving insulation and managing power usage proved to be a few easy ways to save money, and thousands of dollars in potential annual savings were uncovered.<\/p>\n<p>Here are some highlights:<\/p>\n<p><a href=\"https:\/\/www.yardi.com\/blog\/news\/leveraging-energy-data\/20627.html\" target=\"_blank\" rel=\"noopener\">Kilroy Realty Corporation<\/a> found a potential annual savings of $20,300. Top savings opportunities identified:<\/p>\n<ul>\n<li>Retrofit the exterior lighting in all parking areas<\/li>\n<li>Retrofit lighting in all indoor common areas<\/li>\n<li>Conduct retro-commissioning<\/li>\n<\/ul>\n<p>For <a href=\"https:\/\/www.yardi.com\/blog\/news\/energy\/standard-of-excellence\/22202.html\" target=\"_blank\" rel=\"noopener\">AMLI Residential<\/a>, the audit revealed a potential annual savings of $7,800. Top savings opportunities identified:<\/p>\n<ul>\n<li>Implement checks to ensure correct set points in vacant and common areas<\/li>\n<li>Insulate hot water heater supply piping within the HVAC closets<\/li>\n<li>Use power management setting on business center and leasing office computers<\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.yardi.com\/blog\/news\/energy\/standard-of-excellence\/22202.html\" target=\"_blank\" rel=\"noopener\">Bozzuto Management Company<\/a> discovered a potential savings of $10,190. Top savings opportunities identified:<\/p>\n<ul>\n<li>Implement LED retrofits<\/li>\n<li>Install lighting controls and sensors<\/li>\n<li>Establish thermostat setting standardization<\/li>\n<\/ul>\n<p>While identifying precise dollar amounts in potential savings is exciting, even before an Energy Treasure Hunt most companies realize that optimizing lighting, HVAC, insulation and plug loads will help reduce operational costs. Having a <a href=\"https:\/\/resources.yardi.com\/documents\/leveraging-real-time-energy-data-to-improve-decision-making-white-paper\/\" target=\"_blank\" rel=\"noopener\">connected energy management solution<\/a> that provides real-time analytics down to the unit level is key to monitoring, reducing and recouping energy costs for companies of all sizes on an ongoing basis.<\/p>\n<p>Learn more about the <a href=\"https:\/\/www.yardi.com\/products\/yardi-energy-solutions\/\" target=\"_blank\" rel=\"noopener\">Yardi Energy Suite<\/a> for gathering intelligence through Yardi Utility Billing and Yardi Utility Expense Management, and get on track with ENERGY STAR benchmarking for this year\u2019s Treasure Hunt. <a href=\"https:\/\/esbuildings.webex.com\/mw3300\/mywebex\/default.do?nomenu=true&amp;siteurl=esbuildings&amp;service=6&amp;rnd=0.9656383872372715&amp;main_url=https:\/\/esbuildings.webex.com\/ec3300\/eventcenter\/event\/eventAction.do?theAction=detail&amp;&amp;&amp;EMK=4832534b00000004eea1d2a361edba240d329b6a36cf4c79c7614e796234535ec7fe044ddaf41f59&amp;siteurl=esbuildings&amp;confViewID=156167184881581773&amp;encryptTicket=SDJTSwAAAASSNlaMh7qKmDmVxNOfDpphT16vN7tZ0rydW2W_U6cFRQ2&amp;\" target=\"_blank\" rel=\"noopener\">Join a webinar<\/a> to learn more on April 29 at 2 p.m. EST.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In 2019, hundreds of organizations including real estate firms used Energy Treasure Hunts to reduce energy use by up to 15 percent and they\u2019re hoping for even more participation in 2020. As explained on the ENERGY STAR\u00ae website, Energy Treasure Hunt teams walk around facilities looking for quick ways to save energy. Those fast fixes [&hellip;]<\/p>\n","protected":false},"author":616,"featured_media":24146,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_s2mail":"yes","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2472,4],"tags":[1848,29,1675],"class_list":["post-23996","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","category-news","tag-energy-star","tag-multifamily","tag-yardi-energy"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Yardi Blog<\/title>\n<meta name=\"description\" content=\"In 2019, hundreds of organizations including real estate firms used Energy Treasure Hunts to reduce energy use by up to 15 percent and they\u2019re hoping for\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gold Diggers\" \/>\n<meta property=\"og:description\" content=\"In 2019, hundreds of organizations including real estate firms used Energy Treasure Hunts to reduce energy use by up to 15 percent and they\u2019re hoping for\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.yardi.com\/blog\/gold-diggers\/\" \/>\n<meta property=\"og:site_name\" content=\"Yardi Blog\" \/>\n<meta property=\"article:published_time\" content=\"2020-04-24T12:34:39+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-02-22T23:42:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2020\/05\/rsz_energy_savings_are_gold.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Lee Ann Stiff\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Lee Ann Stiff\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.yardi.com\/blog\/gold-diggers\/\",\"url\":\"https:\/\/www.yardi.com\/blog\/gold-diggers\/\",\"name\":\"Gold Diggers - 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