Terra Caribbean - Blog

Bright Ideas in Reducing High Energy Costs

Posted on Tue August 13, 2013 | By Gina-Lee Johnson

Part of our monthly analyses for each of our properties clearly breaks down the running costs of the properties that we manage. The largest costs are salaries and wages, which make up a minimum of 30% of total running costs, but are very much based on owner preferences.  Building repairs generally come next, but fluctuate wildly depending on the design and type of construction, age of the property and what the owner wishes to upgrade. The third largest cost is electricity, which provides us with the opportunity to implement energy-saving equipment and policies, without affecting ambiance or service.