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Chicago Benchmarking & Energy Cost Disclosure

Explore the impact of the Chicago Benchmarking Ordinance with insights on energy cost disclosure and renewable cities at the Learning Forum held on May 19, 2017. Discover key statistics, stakeholder involvement, support programs, and lessons learned for future initiatives.

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Chicago Benchmarking & Energy Cost Disclosure

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  1. Chicago Benchmarking & Energy Cost Disclosure Renewable Cities Learning Forum May 19, 2017

  2. Reach of the Benchmarking Ordinance necessitated a diverse group of stakeholders at the table • 2,695 total reporting buildings, including 100+ voluntary reporters • 733 million square feet of space in reporting buildings • Reporting buildings represent ~23% of citywide energy use • All neighborhoods have at least 1 reporting building, and 87% have 5 or more

  3. Track & reporting is associated with energy reductions

  4. Partners lead support and technical assistance Chicago Energy Benchmarking Help Center • From 2014-2016 : Over 10,000 Help Center Interactions • In 2016: Over 182 hours of phone support and over 500 hours of email/webform support Energy Benchmarking Help Center, operated by Elevate Energy Free Trainings and Drop-In Assistance • From 2014-2016 : 40 free trainings, led by local volunteers • In 2016: Six free drop-in help sessions Pro-Bono Data Verification Program • From 2014-2016 : Over 100 property participants • 45 specialized volunteers have provided free support A pro-bono data verification team.

  5. Energy Cost Disclosure History Partners • “Heat Disclosure” required since 1987 – consumer protection • Ordinance updated in 2013 • Allowed for electronic information • First and only jurisdiction to have energy cost and energy use data into real estate listings in the United States • Why? • Better consumer information • Total cost of information • Cut paperwork

  6. What a Listing Looks Like

  7. What a Listing Looks Like

  8. Seeing trends on uptake • 13% of listings used automated system • 73/77 neighborhoods had ≥1 listing • Attached homes: additional $4,576 in sales price

  9. Lessons/What’s Next • It helps to have an old ordinance • This is a political exercise • What are the co-benefits? • Real estate cycles are long & disaggregated • Next Steps • Realtor Survey • 2016 data analysis Source: 2015 American Community Survey

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