Real Estate Articles tagged with: energy costs
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Real Estate Investors have many incentives to get rebates and grants from various sources for their green real estate investment projects. A properly executed Green Real Estate Project also increases the ROI on the property itself, through lower energy costs and higher resale and rental rates.
Energy Efficiency & Green Real Estate Rebates:
The Database of State Incentives for Renewables & Efficiency (DSIRE) is an ongoing project funded by the U.S. Department of Energy’s Office of Energy Efficiency and Renewable Energy (EERE). The site is administered by the National Renewable Energy Laboratory …
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Green Apples to Apples: A Case-by-Case or Model-Based Approach Toward Green Real Estate?
By: Luke Bujarski
In 2008 the Chicago Climate Action Plan set out an ambitious goal of retrofitting 400,000 residential units by 2020. As the green real estate movement picks up steam, national and local initiatives like Obama’s proposed HomeStar legislation and the Chicago Region Initiative for Better Buildings (CRIBB), might actually offer the needed tailwind to give the ambitious plan a run for its money. But, with a $2.0 billion dollar price tag and a the current retrofit rate …
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By: Luke Bujarski
New York City Local Law 86 is setting yet another aggressive standard for the green real estate investment market. On May 1st, privately owned buildings larger than 50,000 square feet will be required to submit annual benchmark reports on building energy and water usage. Since the law will eventually require public disclosure of this information, property owners and investors could see a big shift in focus toward building energy performance when buying and selling. These and other local initiatives are springing up in different cities and regions across …