Today, Monday, September 15th 2014, all non-residential Boston buildings over 50,000 square feet were required to submit their energy and water data through Energy Star’s portfolio manager, to comply with the Boston Building Energy Reporting and Disclosure Ordinance. From there, each building will receive an Energy Star Score, which will be published for the entire city to see.
So far, these benchmarking laws have been a good start to draw attention to energy efficiency in hopes of motivating tenants to occupy high performing buildings. In terms of publicity, these laws are doing pretty well.
On average, buildings required to benchmark are 2.4 percent more energy efficient than those that do not need to report data.
But there is room for more improvement as the data is still underexploited. Once building owners realize how reporting and monitoring impact their bottom line, we can expect to see real energy savings that everyone can benefit from.
Convincing key stakeholders to invest the time and effort to make buildings more energy efficient it not always easy. But making the data public means that the energy performance of a building will affect its marketability as energy efficient building are less expensive to operate.
Beyond marketability, raising a building’s Energy Star score is often extremely profitable and can be achieved with very little investment as proven in this Cassidy Turley case study.
At Aquicore, we strongly believe that mandatory reports and public disclosure can be beneficial to both the environment and building owners. We would love to hear your opinions!
Does your city require public disclosure? Has it affected your bottom line so far?