Partnership will focus on Energy Performance and Building Appraisals
June 15, 2011
DOE announced on June 13 a partnership with The Appraisal Foundation that will help expand access to energy efficiency and building performance information for commercial buildings. Under the new partnership, DOE and The Appraisal Foundation will work to ensure that appraisers nationwide have the information, practical guidelines, and professional resources they need to evaluate energy performance when conducting commercial building appraisals. This will help investors, building owners, and operators to accurately assess the value of energy efficiency as part of a building's overall appraisal.
In 2010, commercial buildings accounted for about 20% of all the energy used in the United States. By improving insulation, lighting, windows, and heating and cooling systems, and by using daylighting, America's commercial buildings can be more energy efficient, which saves money for businesses and helps make them more competitive. Under the partnership, DOE will develop educational materials and create a database to provide appraisers with energy-savings data, federal green building programs and policies, and additional information on energy performance. See the DOE press release, the partnership agreement, and the Better Buildings Web page.