Forty-three percent of energy leaders say their investment in energy efficiency in 2014 is projected to be more than it 2013, according to a survey by Schneider Electric. Twenty-two percent said their projected investment would stay the same, and 10 percent reported their investment would be less than last year.
The survey, conducted in June at Schneider Electric’s Xperience Efficiency events in Washington, D.C. and Dallas, includes responses from 369 leaders in energy efficiency from business and government sectors and was intended to provide insight into the future of energy efficiency and challenges organizations face.
Sixty-four percent of respondents reported energy cost savings as the biggest driver impacting energy management investment decisions. Government incentives came in second with 10 percent, followed by government policies and industry standards with 8 percent, executive mandate with 6 percent and brand image with 5 percent.
The majority of respondents, 63 percent, reported they had invested in energy efficiency programs in the past 12 months. Specifically, the two most common energy management practices that respondents’ organizations have adopted in the past 12 months were tracking and analyzing data (29 percent) and energy audits (also 29 percent).
The respondents also shared their thoughts on which energy management approaches will take hold in the next five years, predicting that building automation (24 percent), efficient lighting (21 percent) and data center efficiency (16 percent) would become the most popular.
Other survey findings include:
· 41 percent of respondents cited tax credits or incentives as the energy policy that has had the greatest impact on improving energy efficiency in their organization.
· 60 percent of respondents said that they have someone in their organization responsible for energy management.