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Join our webinar series focusing on energy efficiency in commercial real estate, from benchmarking and audits to financing renewable energy projects. Learn from our experienced Energy Engineers.
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Green Real Estate/ Energy Efficiency Real Estate Webinar Series
Who are we • Partner Energy is a nationwide provider of energy efficiency consulting services • Over 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 we • Our 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 Estate • Mar 9th Commercial Real Estate Energy Disclosure Laws • Apr 6th Commercial Real Estate Energy Audits • May 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 Audits • May 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 Audits • May 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 Audits • May 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 Audits • May 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 Audits • May 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 Audits • May 4th Implementation, Verification, & Tracking • Jun 1st Financing Energy Efficient & Renewable Energy Projects www.ptrenergy.com | 888-826-1216
What is Energy Benchmarking • Energy Benchmarking allows building owners to: • Quantify a building’s energy consumption • Compare a building’s energy performance to other similar buildings • Track the performance of implemented projects www.ptrenergy.com | 888-826-1216
Energy Benchmarking • Key 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
Quantifying and Comparing • Key Energy Performance Metrics: Historical Utility Data • Electricity – kWh • Gas – Therms • Total Energy Consumption – kBtu • Total Energy Cost - $ • Greenhouse Gas Emissions – CO2e • Intensity on a per SF Basis – kBtu/SF, $/SF, CO2/SF • Allows comparison of buildings of different sizes www.ptrenergy.com | 888-826-1216
Energy Performance Factors • Location and climate • Building Size • Hours of operation • Building Loads • Number of occupants • Computers • Data centers • Usage • % Conditioned Space • Parking • Retail, office, warehouse www.ptrenergy.com | 888-826-1216
Energy Star Portfolio Manager • EPA and DOE developed Cost-Effective Energy Benchmarking Tool • Adjustments 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 – 100 www.ptrenergy.com | 888-826-1216
What does the score mean www.ptrenergy.com | 888-826-1216
Energy Star Label • Energy Performance Rating of 75 or greater • Meets environmental factors • Adequate illumination • Acceptable thermal environmental conditions • Ventilation for Acceptable Indoor Air Quality • Verified by Professional Engineer www.ptrenergy.com | 888-826-1216
Why Require Energy Benchmarking for Real Estate • US Buildings account for: • Nearly 40% of US primary energy use • Nearly 40% of greenhouse gas emissions • Nearly 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 Improvement Source: Institute for Market Transformation www.ptrenergy.com | 888-826-1216
Resistance • Privacy - disclosure of utility bills by utility providers • Devaluation of real estate with low scores • Delayed transaction closing • Causes financial hardship for real estate owners • Inaccurate/incomplete Energy Star input data • Energy 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/Lenders • Point of negotiation • Low score = reduced purchase price/lease rate • Liability due to inaccurate/incorrect scores • Opportunistic/Value-Add buyers looking for low scores • Core buyers looking for higher scores • Potentially excluded from market segment looking for Energy Star Labeled Buildings • Low Scores - Perceived higher risk asset www.ptrenergy.com | 888-826-1216
Buying Decision Comparison • 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 • 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 www.ptrenergy.com | 888-826-1216
Distinguishes Between Markets Comparison • 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 • 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 www.ptrenergy.com | 888-826-1216
Portfolio/Asset Management • Compare assets across portfolio • Identify lowest performing assets • Identify highest cost assets 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
Contact Information Partner Energy, Inc. sales@ptrenergy.com 888-826-1216 www.ptrenergy.com www.ptrenergy.com | 888-826-1216