Green Real Estate / Energy Efficiency Real Estate Webinar Series
description
Transcript of Green Real Estate / Energy Efficiency Real Estate Webinar Series
Green Real Estate/Energy Efficiency
Real Estate Webinar Series
Who are wePartner Energy is a nationwide provider of
energy efficiency consulting servicesOver the past 12 months Partner Energy has
executed benchmarking studies, audits, and energy modeling on over 275 properties and 13.5 million SF in 32 states
Sister Company to Partner Engineering and Science, a nationwide provider of environmental and building due diligence services. www.partneresi.com
www.ptrenergy.com | 888-826-1216
Who are weOur staff of Energy Engineers have over 50
years of experience and hold various designations including:Professional Engineer (“PE”) Leadership in Energy and Environmental
Design Accredited Professional (“LEED AP”)Certified Energy Managers (“CEM”)Building Performance Institute
Certified(“BPI”)Home Energy Rating System Analyst (“HERS”)
www.ptrenergy.com | 888-826-1216
Mission Statement
Partner Energy works with building owners to identify accretive energy efficiency projects
that meet their sustainability goals and satisfy their capital investment return
criteria.
www.ptrenergy.com | 888-826-1216
Green Real Estate/Energy Efficiency Webinar Series
Jan 12th The Importance of “Green Real Estate” in Attracting Investors and Tenants
Feb 9th Energy Benchmarking in Commercial Real EstateMar 9th Commercial Real Estate Energy Disclosure
LawsApr 6th Commercial Real Estate Energy AuditsMay 4th Implementation, Verification, & Tracking Jun 1st Financing Energy Efficient & Renewable Energy
Projects
www.ptrenergy.com | 888-826-1216
Green Real Estate/Energy Efficiency Webinar Series
Jan 12th The Importance of “Green Real Estate” in Attracting Investors and Tenants
Feb 9th Energy Benchmarking in Commercial Real Estate
Mar 9th Commercial Real Estate Energy Disclosure Laws
Apr 6th Commercial Real Estate Energy AuditsMay 4th Implementation, Verification, & Tracking Jun 1st Financing Energy Efficient & Renewable Energy
Projects
www.ptrenergy.com | 888-826-1216
Green Real Estate/Energy Efficiency Webinar Series
Jan 12th The Importance of “Green Real Estate” in Attracting Investors and Tenants
Feb 9th Energy Benchmarking in Commercial Real EstateMar 9th Commercial Real Estate Energy Disclosure
LawsApr 6th Commercial Real Estate Energy AuditsMay 4th Implementation, Verification, & Tracking Jun 1st Financing Energy Efficient & Renewable Energy
Projects
www.ptrenergy.com | 888-826-1216
Green Real Estate/Energy Efficiency Webinar Series
Jan 12th The Importance of “Green Real Estate” in Attracting Investors and Tenants
Feb 9th Energy Benchmarking in Commercial Real EstateMar 9th Commercial Real Estate Energy
Disclosure LawsApr 6th Commercial Real Estate Energy AuditsMay 4th Implementation, Verification, & Tracking Jun 1st Financing Energy Efficient & Renewable Energy
Projects
www.ptrenergy.com | 888-826-1216
Green Real Estate/Energy Efficiency Webinar Series
Jan 12th The Importance of “Green Real Estate” in Attracting Investors and Tenants
Feb 9th Energy Benchmarking in Commercial Real EstateMar 9th Commercial Real Estate Energy Disclosure
LawsApr 6th Commercial Real Estate Energy
AuditsMay 4th Implementation, Verification, & Tracking Jun 1st Financing Energy Efficient & Renewable Energy
Projects
www.ptrenergy.com | 888-826-1216
Green Real Estate/Energy Efficiency Webinar Series
Jan 12th The Importance of “Green Real Estate” in Attracting Investors and Tenants
Feb 9th Energy Benchmarking in Commercial Real EstateMar 9th Commercial Real Estate Energy Disclosure
LawsApr 6th Commercial Real Estate Energy AuditsMay 4th Implementation, Verification, & Tracking Jun 1st Financing Energy Efficient & Renewable Energy
Projects
www.ptrenergy.com | 888-826-1216
Green Real Estate/Energy Efficiency Webinar Series
Jan 12th The Importance of “Green Real Estate” in Attracting Investors and Tenants
Feb 9th Energy Benchmarking in Commercial Real EstateMar 9th Commercial Real Estate Energy Disclosure
LawsApr 6th Commercial Real Estate Energy AuditsMay 4th Implementation, Verification, & TrackingJun 1st Financing Energy Efficient & Renewable
Energy Projects
www.ptrenergy.com | 888-826-1216
Energy Reduction “Plan”Step 1 •Energy Benchmarking
Step 2 •Energy Audit
Step 3 •Energy Model
Step 4 •Implementation
Step 5 •Performance Tracking
Step 6 •Repeat (5 – 10 yr cycles)
What is Energy BenchmarkingEnergy Benchmarking allows building owners
to:Quantify a building’s energy consumptionCompare a building’s energy performance to
other similar buildingsTrack the performance of implemented
projects
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Jan Feb Mar AprMay Jun Jul Aug Sep Oct NovDec200,000
400,000
600,000
800,000
1,000,000
Total Consumption (kBTU)Baseline
Current
Building A
Building B
Building C
Building D
Building E
Building F
$-
$1.00
$2.00
$3.00
$4.00
Energy Cost ($/SF)
Energy BenchmarkingKey Building Energy Performance
Metrics:Energy Star Performance Rating (1-100)Energy Intensity (kBtu/SF/yr)Cost ($/SF)GHG Emissions (CO2e/yr)
www.ptrenergy.com | 888-826-1216
Building A
Building B
Building C
Building D
Building E
Building F
$-
$0.50
$1.00
$1.50
$2.00
$2.50
$3.00
$3.50
$4.00
Energy Cost ($/SF)
Quantifying and ComparingKey Energy Performance Metrics: Historical
Utility DataElectricity – kWhGas – ThermsTotal Energy Consumption – kBtuTotal Energy Cost - $Greenhouse Gas Emissions – CO2e
Intensity on a per SF Basis – kBtu/SF, $/SF, CO2/SFAllows comparison of buildings of different
sizes www.ptrenergy.com | 888-826-1216
Energy Performance FactorsLocation and climateBuilding SizeHours of operationBuilding Loads
Number of occupants
ComputersData centers
Usage% Conditioned
SpaceParkingRetail, office,
warehouse
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Energy Star Portfolio ManagerEPA and DOE developed Cost-Effective
Energy Benchmarking ToolAdjustments for building operating
characteristics Building Size Location Building Loads – People/PCs/Operating Hours Usage
Compares to national averages for building type - Commercial Building Energy Consumption Survey (CBECS)
Ranking 1 – 100www.ptrenergy.com | 888-826-1216
What does the score mean
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Energy Star LabelEnergy Performance Rating of 75 or greaterMeets environmental factors
Adequate illuminationAcceptable thermal environmental conditionsVentilation for Acceptable Indoor Air Quality
Verified by Professional Engineer
www.ptrenergy.com | 888-826-1216
Why Require Energy Benchmarking for Real EstateUS Buildings account for:
Nearly 40% of US primary energy useNearly 40% of greenhouse gas emissionsNearly 70% of US electricity consumption
Building energy performance as additional data point for purchase decision
Automobile MPG Rating
www.ptrenergy.com | 888-826-1216
Cycle of ImprovementRatings for all
buildings
Ratings disclosed to market
Market compares building
performance
Market rewards energy efficient
properties
Owners improve efficiency to help competitiveness
Efficiency of building stock continuously
improves
www.ptrenergy.com | 888-826-1216Source: Institute for Market Transformation
ResistancePrivacy - disclosure of utility bills by utility
providersDevaluation of real estate with low scoresDelayed transaction closingCauses financial hardship for real estate
ownersInaccurate/incomplete Energy Star input
dataEnergy Star score not available for all asset
types www.ptrenergy.com | 888-826-1216
Who Uses Benchmarking Data?Buyers/Sellers
Leesees
Lenders
Asset/Portfolio Managers
www.ptrenergy.com | 888-826-1216
Buyers/Lessees/LendersPoint of negotiation
Low score = reduced purchase price/lease rateLiability due to inaccurate/incorrect scores
Opportunistic/Value-Add buyers looking for low scores
Core buyers looking for higher scoresPotentially excluded from market segment
looking for Energy Star Labeled BuildingsLow Scores - Perceived higher risk asset
www.ptrenergy.com | 888-826-1216
Buying Decision
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Property A
• Class A office building• Purchase Price: $200/SF• Amenities: Close to major
freeways, public transportation, and retail
• Utility Cost: $3.00/SF• Energy Consumption: 150
kBtu/SF
Comparison
Property B
• Class A office building• Purchase Price: $200/SF• Amenities: Close to major
freeways, public transportation, and retail
• Utility Cost: $2.00/SF• Energy Consumption: 95
kBtu/SF
Distinguishes Between Markets
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Property A
• Utility Cost: $2.00/SF• Energy Consumption: 100
kBtu/SF• Size: 40,000• Location: Florida• Number of occupants: 200• Hours of operation: 80
Comparison
Property B
• Utility Cost: $2.00/SF• Energy Consumption: 100
kBtu/SF• Size: 120,000 SF• Location: New York• Number of occupants: 400• Hours of 0peration: 120
Portfolio/Asset ManagementCompare assets
across portfolio
Identify lowest performing assets
Identify highest cost assets
www.ptrenergy.com | 888-826-1216
ASSET COMPARISION CHARTS
JLL Fresh and EasyWest CoastRetail
0 10 20 30 40 50 60 70 80 90 100
A001
A002
A003
A004
A005
A006
A007
A008
Energy StarInvestInvest/AdjustAdjustMaintain
0.00 1.00 2.00 3.00 4.00 5.00 6.00 7.00 8.00 9.00
A001
A002
A003
A004
A005
A006
A007
A008
Intensity - $/SF
0.00 20.00 40.00 60.00 80.00 100.00 120.00 140.00 160.00
A001
A002
A003
A004
A005
A006
A007
A008
Intensity - kBtu/SF
0.00 0.02 0.04 0.06 0.08 0.10 0.12 0.14 0.16 0.18 0.20
A001
A002
A003
A004
A005
A006
A007
A008
$/kWh
0.00 2.00 4.00 6.00 8.00 10.00 12.00 14.00
A001
A002
A003
A004
A005
A006
A007
A008
$/therm
0.00 5.00 10.00 15.00 20.00 25.00 30.00 35.00
A001
A002
A003
A004
A005
A006
A007
A008
CO2/SF
Mission Statement
Partner Energy works with building owners to identify accretive energy efficiency projects
that meet their sustainability goals and satisfy their capital investment return
criteria.
www.ptrenergy.com | 888-826-1216
Contact Information
Partner Energy, [email protected]
888-826-1216www.ptrenergy.com
www.ptrenergy.com | 888-826-1216