As a building manager, you want to be conscious of your energy usage, but you also want to be wary of excessive costs. Take a look at some of the factors involved in figuring out the cost of a metering system for your building.
Assessing Your Needs
The first thing you need to know is that your building has unique needs. Your energy consumption is not the same as the building next door, which means that there can be a significant variation in the cost of metering systems. Some factors to consider include:
- Meter Application. What information are you trying to get from your meters? Advanced power meters provide more details on the electrical loads, but they will cost more than basic energy meters.
- Number of Metered Loads. Are you measuring one metered load or several? Keep in mind that the number of loads will depend on the size of your facility. A larger facility will require more metering.
Additional Costs
It’s important to note that when you purchase a metering system, the overall cost will include more than just the system itself. Someone will need to install the system, which means there will be additional costs such as installation and commissioning charges.
Cost of a Complete Energy Metering System
So what is the cost of a complete energy metering system? The simplest answer is that there is no one-size-fits-all cost because there is no one-size-fits-all solution. The cost of your metering system will depend on your building’s unique factors and needs, as well as the work required to install it.
The best way to estimate the cost of an energy metering system for your building is to reach out to a qualified installer and discuss your power monitoring needs. They have the expertise required to help you decide on metering technology and to estimate installation costs.
Value of a Complete Energy Metering System
It’s important to note that, while a metering system may come with a high price tag, it is an investment that comes with a lot of value. The system is designed to reduce your energy consumption by monitoring your usage and allowing you to make educated changes.
When you reduce your energy consumption, you will naturally see a decline in energy costs. When you are investing in your building’s future, the long-term value you will get out of your metering system will outweigh the short-term costs.
Socomec’s Energy Metering Solution
Socomec is proud to offer our own energy metering system: DIRIS Digiware. It is a modular system that is simple to install and customize to your unique needs. You can even build your project online to find the best configuration for your building!
Want to start saving energy with a reliable power monitoring system? Read our latest article about the groundbreaking technologies offered with some of our Power Metering and Monitoring solutions.
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