A building doesn’t have to be new to be efficient. Today’s leading building owners are retrofitting buildings, converting existing buildings into models of sustainability. Building energy retrofits are investments in efficient technology during building renovation. While most building owners still pursue single technology improvements, market leaders bundle together energy saving technologies to get deeper savings in a more comprehensive approach. Energy performance contracting is one business model that enables building owners to implement whole building retrofits and significantly lower energy consumption and operating costs. Essentially, the upgrades are paid for through energy savings over time. Photo credit: Jack Amick/Flickr.
Green Building Finance Consortium
Senior Advisor, Finance and Valuation
Rocky Mountain Institute
Many people stay in their homes for five years or less – not enough time to benefit from energy upgrades. In this video, Cynthia Adams, executive director of the Local Energy Alliance Program – Virginia, explores how to make sure energy efficiency adds value to properties when they are sold. The key is to provide data in forms real estate agents, appraisers, bankers and prospective...
Most building owners and occupants do not have any knowledge about the energy performance of their buildings. This information gap prevents property and financial markets from valuing energy-efficient homes and buildings. Internationally, new government policies are starting to require the disclosure of energy performance. Generally, these policies obligate owners to benchmark...
The City of Melbourne has created a new program for financing energy retrofits in commercial buildings, using a variation of the property-assessed clean energy (PACE) financing model in the U.S. Melbourne’s program has some important features that cities and countries around the world may be able replicate. As part of its Zero Net Emissions by 2020 Strategy, Melbourne has launched a 1200...
In this video, Paul Mathew, of the Environmental Energy Technologies Division at Lawrence Berkeley National Laboratory, describes how the U.S. Department of Energy is developing the Buildings Performance Database (BPD) to provide investors with actuarial data for the energy savings from building energy efficiency projects. The database of information includes more than 50,000 buildings.
Energy efficient buildings and urban environments are vital to reaching goals on climate, energy and development in emerging economies. On Aug. 30, 2012, representatives from the Institute for Building Efficiency briefed members of the World Bank Energy Efficiency Community of Practice on the Institute’s second-edition report, Driving Transformation to Energy Efficient Buildings: Policies...
Lighting accounts for more than 30 percent of the energy required to operate buildings and is often the first technology examined for energy efficiency upgrades because of its relatively short payback.
The technical potential for solar water heating in the United States is about one quadrillion Btu of energy savings per year, worth $8 billion of energy costs and 50 million to 75 million metric tons of carbon dioxide emissions. Furthermore, some 67 percent of the nation’s commercial buildings have rooftops available for solar water heating, says the National Renewable Energy Laboratory.
The energy services market is positioned for a decade of growth that can be accelerated by new market and policy actions. Iain Campbell, Vice President and General Manager of Global Energy and Workplace Solutions for Johnson Controls, recently provided an update and perspective on the future of the energy services market in the U.S. In addition, the Real Estate Roundtable recently testified...