True or False: Utility Audits Create More Work

Businessteam in conference with laptop When managers of businesses or associations look into a utility audit, they often have several common misconceptions about the process. Among their list of concerns, this question tends to pop up frequently:

Won’t a utility audit require a lot of work from our property manager, business owner, and/or management company?

In short, the answer is both yes and no: yes in the short term, and no in the long term.

Short term: a little work

During Pacific Utility Audit‘s utility auditing process, we scrutinize past utility bills and other relevant documentation for your utilities. That means we require the most recent 3 to 12 months of utility bills and signed contracts for the services. If we come across an error in the billed accounts, or if we change rate schedules to save you additional money, we will need your business or association to send us copies of those particular bills each month so we can continue calculating how much you’re actually saving on utilities.

Long-term: refunds and savings

But in the long term, you’ll see reduced annual utility expenses that put money back into your bank account by collecting refunds or credit adjustments, correcting billing, and lowering rate schedules. The money you will save can increase your reserve funding or pay for future projects and expenses. You’ll also have the benefit of knowing that you are paying the least amount possible for utility expenses, and that you also may continue sending your bills to us monthly, annually, or on an as-needed basis to ensure continued savings.

If you have other questions or concerns regarding utility audits, Pacific Utility Audit has several helpful resources to give you the answers you need. You can view or download a list of frequently asked questions on our website or read more about our services and solutions.

[cta]How much money could a utility audit save your HOA, community, or business? Use Pacific Utility Audit’s handy ROI calculator to find out! Or contact us by email or at (800) 576-1010.[/cta]