By 2020 U.S. President Barak Obama wants to see commercial buildings improve their energy efficiency by 20% of the current levels they are today. Currently commercial buildings consume one-fifth of U.S. energy supplies.
To reach this future goal, improvements in: insulation, lighting, windows, heating, and cooling systems could help to lower energy consumption. Though the products to make a building more energy efficient are obtainable, the main issue is for appraisers to have a better way to assess energy performance. In order to “ensure that appraisers have the right information to evaluate energy performance when conducting commercial building appraisals” (upi) The U.S. Energy Department and The Appraisal Foundation are teaming up. This public-private partnership is seen as a crucial step forward in the advance for energy efficiency.
According to U.S. Energy Secretary Steven Chu, “better performing buildings have a higher value; [this] will help enable the upfront investment for energy efficiency upgrades.” Not only would businesses save money (a total of $40billion annually) but it will help to create jobs and build a better economy.
Overall the “partnership will help to make sure that the market is equipped with the information it needs to make sure that the utility bill savings that come with building efficiency improvements are appropriately factored into the building’s overall value” (energy). What do you think this means for companies who offer green building products