11. Assembly Bill 1103 – What is it? Requires Energy Use Benchmarking and Disclosure for Nonresidential Buildings: Allows prospective buyers and tenants to compare building performance with similar buildings Motivates owners to improve building’s energy profile Compared with competition Impact on building valuation A benchmarking system, drawing on Energy Star Portfolio Manager California Building Energy Performance Rating
15. AB1103 – Impact on Building Valuation Example: Reduce Annual Energy Cost = Increase Annual Cash Flow:$50,000 Divide by Cap Rate: ÷ .08 Increase in Building Valuation $625,000
33. What’s Next in Green? Industrial revolution: 180 ybp Homo sapiens sapiens: 50,000 ybp Life on earth: 3,850,000,000 ybp Biomimicry NATURE: Model Mentor Measure SUCCESSFUL: Products Buildings Businesses Society
35. Financial Aid: examples Rebate Programs: Express Efficiency Small Business Super Saver (small account) Performance Programs: Standard Performance Contract Energy Savings Bid Demand Response – dispatchable loads Audits and Incentives Variety of DR Rates
36. Financial Aid: examples 3rd Party Programs, eg: Rcx: Retro-commissioning Online Business Assessment Program Premium Efficiency Cooling New Construction Savings By Design Emerging Technology: Request support to help implement new technologies
37. Financial Aid Federal Commercial Building Tax Deduction Ranges from $0.30 to $1.80 / sf, depending on energy efficiency Lighting can be done separately Eg: 35% MTB: actual benefit is about $0.10 to $0.60 / sf Requires: Complicated energy modeling for max incentives Field Check Equipment placed in service: 1/1/2006 and 12/31/2013 http://www.dsireusa.org/ www.energytaxincentives.org