The newly formed Investor Confidence Project (ICP) is attempting to provide a definitive set of criteria for energy efficiency projects—a kind of good housekeeping standard for green investments.
Created by the Environmental Defense Fund (EDF), ICP aims to provide confidence in investments for energy efficiency upgrades, a needed service the organization says will help spur more such projects. “In today’s commercial real estate market, there are a variety of different standards for identifying, designing, and implementing accretive energy efficiency projects,” writes John Rockwell, a national client manager at Partner Energy, an energy consulting firm.
“This variety creates uncertainty among building owners, managers, and investors who seek to understand Return on Investment (ROI) of potential efficiency projects. Compounding this issue is the fact that energy projects are often too small and too unique to effectively underwrite and reflect in the valuation of the real estate as a whole.”
Rockwell writes that the ICP’s adherence to rigorous engineering standards makes for more confident investing in sustainable projects.
Related Stories
Building Technology | Apr 11, 2016
A nascent commercial wireless sensor market is poised to ascend in the next decade
Europe and Asia will propel that growth, according to a new report from Navigant.
Multifamily Housing | Mar 10, 2016
Access and energy control app clicks with student housing developers and managers
Ease of installation is one of StratIS’s selling features.
BIM and Information Technology | Mar 2, 2016
Thanks to MIT researchers, Boston now has its very own citywide building energy model
The most detailed model ever for a city this size will help Boston meet its long-term energy use goals.
Energy Efficiency | Feb 23, 2016
Economists, energy efficiency practitioners need to work together for better cost/benefit studies
Flawed energy efficiency research yields misleading, confusing results.
Green | Feb 18, 2016
Best laid plans: Masdar City’s dreams of being the first net-zero city may have disappeared
The $22 billion experiment, to this point, has produced less than stellar results.
Green | Feb 1, 2016
Supreme Court ruling on demand response expected to benefit smart grid
Ruling allows PV owners and other small energy generators to continue to be paid wholesale rates for power they generate.
Codes and Standards | Jan 22, 2016
State Savings Calculator analyzes savings associated with energy codes
The calculator breaks down the cost-effectiveness of energy codes on a state-by-state basis.
Green | Nov 17, 2015
DOE launches new data collaborative to help cities and states boost building efficiency
The SEED Standard will help manage, standardize, share performance data.
Energy Efficiency | Nov 16, 2015
Amazon will heat its new Seattle campus with waste heat from next-door data centers
Up to 4 million kilowatt-hours of energy will be saved each year.
Energy Efficiency | Nov 6, 2015
DOE’s Energy Asset Score diagnostic tool gets upgrade
The tool is used to assess energy efficiency of commercial and multifamily buildings.