Optimized for Performance & Productivity
The business case for improving energy efficiency is truly compelling for hospitals. Energy represents almost half of a healthcare facility’s budget – second only to salaries. On average, hospitals in the U.S. spend approximately $3.00 on electricity per square foot. And there’s a lot of wasted energy – up to 30% — since so many systems have been repaired and replaced in a piecemeal fashion over the years.
Beyond the substantial financial savings that optimized energy systems provide, the improvements to indoor environment and comfort are proven to improve both patient recovery and staff productivity.
To be successful, hospitals need to partner with an energy program developer that truly understands the critical operations of a hospital– one that can deliver a guaranteed, budget-neutral energy savings strategy that will have a positive impact on patients, staff, and visitors. They should have a stellar safety record and be vendor independent.
In short, hospitals should partner with an energy program developer that and can provide all of the necessary financial, technological, construction, measurement, monitoring and reporting needed to ensure all their goals and objectives are met.
Patients always come first. As such, we invest heavily upfront to ensure that we have thoroughly explored your critical needs and challenges, deliver solutions that support your mission and achieve all your goals without disrupting patient care or comfort.
We customize solutions for separate areas of your facility to optimize environments for staff, patients and visitors. We work smarter to ensure we create safer, healthier, and more productive places to work and recover.
We approach every project as a fully integrated team of unbiased subject experts versed in the latest technologies, incentives, best practices, financial vehicles, and construction methods that respect the unique needs of your facility, patients and staff.
Our approach guarantees the greatest value from your energy efficiency upgrades. We provide additional needs analysis, project management, and support to ensure that you have options, and control at every stage of your upgrade.
The Funding Option Hospitals Have Been Looking For
For many hospitals, energy efficiency upgrades compete with other mission-critical budget demands. Cost-saving energy upgrades are being deferred due to limited capital dollars and the need to place quality patient care ahead of infrastructure improvements.
Our Energy-as-a-Service offering centers around a pay-for-performance, off-balance sheet financing option that allows healthcare facilities to use realized energy savings to pay for their energy efficiency upgrades. It’s a stress-free, risk-free way to increase a hospital’s energy efficiency and reduce energy spending – without any initial capital investment. Our Energy-as-a-Service program is the energy efficiency solution hospitals have been waiting for. Benefits include:
- No upfront capital investment
- Increased cash flow
- Improved indoor environment for patients and staff
- Reduced operating costs
- Reduced maintenance costs
- Improved operational efficiencies
- Reduced carbon emissions
Hospitals and Climate Change.
The US healthcare system is a top producer of greenhouse gas emissions and, as such, plays a significant role in climate change and the harm that delivers to human health.
The advocacy organization Health Care Without Harm urges hospitals to shrink their carbon footprints, move to more sustainable sources of energy, cut down on waste, and take other steps to reduce the system’s impact.
“Increasing energy efficiency should be a no-brainer for hospitals,” says President of Health Care Without Harm Gary Cohen. “It saves money, reduces the use of fossil fuels, and is more efficient,” he says. Energy efficient systems, like combined heat and power, also help hospitals stay up and running during natural disasters.
By engaging in more energy efficient systems and sustainable practices — and by demanding the same from their suppliers — hospitals can expand their positive impact beyond their patients to protecting the health of their community and the world at large.
Our Lady of Hope Residence: Cutting Costs, Improving Comfort, Reducing Emissions
The Our Lady of Hope Residence wanted to improve resident comfort and reduce operational costs. They partnered with SmartWatt to design and implement multi-phase energy efficiency and sustainability upgrades.
Phase 1: Included interior lighting and advanced lighting control upgrades, resulting in a 50% reduction in lighting energy costs.
Phase 2: Included refurbishing air handlers, and installing new terminal units, an energy management system, a new condensing hot water boiler system and a Combined Heat and Power (CHP) system.
Annual Cost Reduction
Reduction in Annual Carbon Emissions
“SmartWatt understands the challenges associated with hospital energy retrofits. They took the time to understand what we wanted and delivered on every level. ”