Major U.S. cities and states, including New York City, San Francisco, the District of Columbia, and California, now require building owners and operators to comparatively rate the energy performance of their buildings and disclose building energy-performance indicators to the marketplace. Existing policies are projected to impact more than 4 billion square feet of floor space … Continued
An analysis conducted by the Institute for Market Transformation (IMT) and the Political Economy Research Institute (PERI) found that a rating and disclosure policy for commercial and multifamily residential buildings applied nationally would result in significant job growth, consumer energy savings and increased private investment in energy efficiency improvements. The analysis found that such a … Continued
Utilities are uniquely positioned to harness the energy savings from improved compliance with codes, yet fewer than 10 states have legislative or regulatory approval to count energy savings from building codes toward energy efficiency resource standards or utility-filed energy efficiency programs. This fact sheet by IMT and the Institute for Electric Efficiency explores the opportunities … Continued
The Sensible Accounting to Value Energy (SAVE) Act of 2011 is proposed federal legislation which calls for inclusion of energy costs in underwriting for federally financed single-family mortgages. Over time, the SAVE Act would drive growth in energy-efficient home construction and energy efficiency upgrades in existing homes, generating 83,000 jobs and $1.1 billion in consumer … Continued
Though many states have adopted or will soon adopt the latest model energy codes, many new homes and businesses fail to comply with mandatory efficiency requirements, consuming far more energy and money to operate than they should. This fact sheet includes information about the benefits of building energy codes and steps that policymakers can take … Continued
Building energy codes are one of the nation's most effective means of reducing energy costs and cutting pollution, but widespread noncompliance weakens these savings. An analysis by an IMT-led task force of experts reveals an annual spending need of $810 million for compliance initiatives at all levels of government, including training, outreach, implementation, and enforcement. … Continued
There is tremendous potential to achieve energy and greenhouse gas reductions in the U.S. building stock. Today, U.S. policymakers are turning their attention to existing buildings, where opportunities for greater energy efficiency are abundant but fraught with barriers that continue to severely impede progress. This paper examines how mandatory rating and disclosure policies can help … Continued
Worldwide, commercial building energy rating and disclosure mandates are becoming more common as policymakers target the building sector in energy and climate protection policies. Although the United States has no policy equivalent to the European Union’s Energy Performance of Buildings Directive (EPBD), rating and disclosure policies are beginning to appear in states and local jurisdictions. … Continued
Goal: Enable the market to internalize the financial impacts of energy efficiency by reforming standard residential underwriting and appraisal practices. Read what IMT’s Cliff Majersik has to say about addressing this issue by clicking on the PDF.
The Impact of Energy Costs on Multi-Family Residential Building Value This case study presents the impact of energy savings from retrofits and of energy costs generally on the value of Pine Harbor Apartments, a 208-unit subsidized apartment complex in downtown Buffalo, N.Y. First published in August 2004. Related Case Studies: Telergy Office Building, The … Continued