Did you know that the average age of a building in New York City is more than 50 years old? Hundreds of buildings across the Tri-State are much older than that. Many of these buildings either have their original electrical wiring or have not been updated in many years. The electrical grid has changed a lot over the past few decades, and the demand for power has never been greater. That means many older electrical systems are either deteriorating or at least struggling to keep up with the load. If the electrical infrastructure in your building or plant hasn’t been updated in the past 20 years or so, let’s talk about why now would be a good time to upgrade it.
The Cost of Doing Nothing Is Escalating.
NYC already suffers from some of highest electricity costs in the nation, and ConEd estimates that the average customer will see an increase in their power bills of more than 22 percent this winter. Since older electrical systems are not optimized for energy efficiency, this could cause operating costs to become untenable for many businesses in older buildings. In other words, doing nothing is costing you more money. Making upgrades now could help you save hundreds or thousands of dollars a month on energy bills, and the savings start almost immediately.
Outdated Infrastructure Means Safety Concerns.
The NYC Electrical Code requires that all buildings be equipped with up-to-date wiring and safety features to ensure the safety of the occupants. Many older buildings may not have these features, or they may be out-of-date and unable to meet modern safety standards. Not only could this endanger occupants in the event of a power outage, it can also prevent businesses from getting insurance coverage or meeting local inspection requirements, possibly even resulting in costly fines. Upgrading your electrical infrastructure now can help you feel confident that your building meets all applicable safety codes and regulations.
Technology is Changing.
Advances in technology are creating new demands on the electrical grid–especially as we rely more and more on electronics to conduct business. Even upgrades in cell service from 4G LTE to 5G can put additional strain on the grid. Upgrading your infrastructure now can help you accommodate new technologies as they come online.
Downtime Is Costly.
In today’s fast-paced business world, downtime is expensive. If your business relies on electricity to function (as almost all businesses do), an electrical outage can cost you dearly in lost productivity. Older electrical systems are less reliable, especially when there is increased demand for power, making outages more likely. Upgrading your infrastructure now can help you avoid costly downtime in the future.
Upgrading Is Not as Costly as You Think.
Yes, upgrading your infrastructure is an investment–but it’s one that yields great returns in the long run. When you factor in things like government incentives, tax breaks, and energy savings, upgrading your electrical infrastructure can actually be quite affordable. And when you compare it to the cost of doing nothing, it’s really a no-brainer.
At Tri-Power Electrical, we have decades of experience with all aspects of electrical infrastructure in the Tri-State area. We know the power grid inside out, and we know how to make your facility both compliant and future-proof when it comes to electrical work. Contact us to schedule an inspection of your current facility.