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Tag: How Using Energy Benchmarking Can Reduce Your Carbon Footprint

  • The Truth About NYC Local Law 84 Benchmarking: Is It Really Worth It?

    The Truth About NYC Local Law 84 Benchmarking: Is It Really Worth It?

    I. Introduction

    New York City, a bustling metropolis, is not only a global hub for culture and finance but also a pioneer in urban environmental regulation. A key component of its environmental initiative is NYC Local Law 84, part of a broader legislative strategy aimed at reducing the city’s carbon footprint. Understanding this law is essential for property owners and anyone interested in the sustainability efforts of America’s largest city.

    Benchmarking, the process of measuring a building’s energy and water usage and comparing it to its peers, serves as a powerful tool for identifying inefficiencies and prompting improvements. Implemented correctly, it can lead to significant advancements in environmental sustainability, economic savings, and public health.

    II. Understanding NYC Local Law 84

    Enacted in 2009, NYC Local Law 84 was introduced as a part of the Greener, Greater Buildings Plan, which targets the largest source of pollution in the city: buildings. Any building larger than 25,000 square feet must annually report its energy and water use through this law. This policy stems from an acute awareness of the significant role urban centers play in global warming and their potential to lead changes in reducing greenhouse gas emissions.

    The impetus behind LL84 is clear: to make building owners aware of their energy consumption patterns, incentivize improvements via transparency, and foster a competitive environment for energy efficiency. The law primarily affects owners of residential, commercial, and mixed-use buildings who find themselves navigating new territory of environmental accountability.

    III. What is NYC Local Law 84 Benchmarking? 

    LL84 mandates the use of the ENERGY STAR Portfolio Manager tool, a widely recognized platform that provides a standardized metric for energy and water consumption. Using this tool, building owners can input their consumption data and receive performance scores. These scores benchmark a building’s performance against similar structures nationwide, highlighting areas for improvement and celebrating efficiency successes.

    III. The Benefits of Local Law 84 Benchmarking

    Environmental Benefits: 

    The overarching benefit of LL84 is environmental. By mandating benchmarking, NYC can better understand and manage its building-related energy use, integral to its goal of reducing greenhouse gas emissions by 30% by 2030 as part of the New York City’s Roadmap to 80 x 50.

    Economic Benefits: 

    From an economic perspective, the data gathered and the improvements made from benchmarking can lead to significant cost savings. Energy-efficient buildings use less power and water, directly reducing utility expenses. Additionally, properties that are proven to be sustainably managed often see increased valuation and attract tenants more easily, which can drive higher rental incomes.

    Social Benefits: 

    Socially, the push for energy efficiency leads to broader communal advantages, such as improved urban air quality and reduced strain on local utilities. This not only helps in creating a healthier living environment but also educates the public on the importance of energy conservation and environmental stewardship.

    V. Challenges and Criticisms of Local Law 84 Benchmarking

    Despite its benefits, LL84 is not without challenges. For many building owners, the transition to compliance can be daunting. The initial investments for older buildings to upgrade systems or improve insulation can be substantial. Furthermore, the administrative burden of annual reporting can be seen as an unnecessary strain, especially by smaller property owners who might lack the resources to manage compliance efficiently.

    Critics also point out that the law might favor newer, already-efficient buildings and penalize older buildings that are inherently less efficient, potentially leading to skewed competitiveness and fairness in real estate markets. 

    VI. The Cost-Benefit Analysis of Local Law 84 Benchmarking

    When evaluating the effectiveness of LL84, it’s crucial to conduct a thorough cost-benefit analysis. While the initial costs can be high—both in financial terms and effort—the long-term benefits often outweigh these costs significantly. Building owners who invest in compliant upgrades typically see a return on investment through reduced utility costs and enhanced property values. Moreover, the societal benefits of reduced energy consumption and environmental impact contribute to the law’s overall value to the community.

    VII. Conclusion: Is Local Law 84 Benchmarking Really Worth It? 

    In weighing the pros and cons, the conclusion leans favorably towards the implementation of NYC Local Law 84. The benefits—environmental conservation, economic savings, and societal health improvements—present a strong argument for its continuation and support. For property owners and managers, engaging with resources such as LL84 compliance consulting and exploring innovative local law 84 compliance solutions can help mitigate the challenges and maximize the law’s potential benefits.

    As stakeholders in one of the world’s most significant urban landscapes, it is incumbent upon NYC property owners and managers to look beyond immediate costs and consider the broader impact of their compliance. Making informed decisions that balance both economic concerns and environmental responsibilities is crucial in shaping a sustainable future for all.

    VertPro.com serves as a resourceful platform for property owners and managers seeking to enhance their buildings’ energy efficiency. The site offers a range of services, including Commercial Energy Audits, Benchmark Compliance consultancy, and a Construction Marketplace. At the heart of VertPro® is a suite of SaaS technology-based solutions designed to assist in navigating the complexities of Energy Benchmarking and Energy Audits/RCx Plus, while ensuring adherence to over 60 Energy Benchmarking and Energy Efficiency Laws across the country.

    For those looking to improve their property’s energy usage and operational value, VertPro.com provides a diverse array of tools and information. The site aims to facilitate a better understanding of energy efficiency practices and legislation, helping building owners and property managers make informed decisions about their energy strategies while complying with all energy ordinances and laws.

  • How Using Energy Benchmarking Can Reduce Your Carbon Footprint

    How Using Energy Benchmarking Can Reduce Your Carbon Footprint

    One of the most important global challenges of our day is climate change. The built environment, which includes office buildings and homes, contributes to carbon emissions. According to the World Economic Forum, about 33% of the world’s carbon emissions come from energy used to power buildings. Therefore, lowering energy use in buildings is essential for climate change mitigation.  

    Energy benchmarking is a useful strategy for lowering building energy use. Energy benchmarking is assessing a building’s energy efficiency and contrasting it with that of comparable structures. This procedure identifies chances to boost energy efficiency and points up areas that need improvement.  

    In this article, we will look at the advantages of energy benchmarking and how it can lower your carbon footprint. We will talk about the benefits, which range from cost savings and higher effectiveness to better building performance and increased sustainability. Additionally, we will look at a few of the typical difficulties with energy benchmarking and offer workable answers to them. You will have a good knowledge of the significance of energy benchmarking and how to successfully apply it in your building by the conclusion of this essay.

    1. Understanding Energy Benchmarking 

    Comparing a building’s energy performance to a standard or set of standards is a procedure known as Energy Benchmarking. The procedure entails monitoring the energy usage of a facility and looking for areas that might be improved. Here are some more specifics:   

    How Energy Benchmarking Works 

    Energy benchmarking involves collecting data on a building’s energy usage, including electricity, gas, and water usage. The data is then compared to a set of standards or benchmarks to determine the building’s energy performance. Some of the common benchmarks used for energy benchmarking include:

    Once the energy performance is determined, building owners and managers can identify opportunities for improvement and develop a plan to reduce energy consumption.

    Types of Energy Benchmarking 

    There are several types of energy benchmarking, including: 

    • Whole building benchmarking 
    • Portfolio benchmarking
    • Targeted benchmarking

    Whole building benchmarking involves comparing the energy performance of an entire building to a set of standards. Portfolio benchmarking compares the energy performance of a group of buildings, while targeted benchmarking focuses on specific areas or systems within a building.

    Importance of Energy Benchmarking 

    Energy benchmarking is important because it enables building owners and managers to make informed decisions about energy usage, reduce energy waste, and save money. By benchmarking energy usage, building owners can: 

    • Identify areas of improvement 
    • Set energy performance goals 
    • Prioritize energy efficiency upgrades 
    • Track progress and measure results 

    Overall, energy benchmarking is a powerful tool that can help building owners and managers reduce their carbon footprint and contribute to a more sustainable future.

    2. How to Implement Energy Benchmarking 

    Energy Benchmarking - Common ChallengesEnergy benchmarking implementation calls for a systematic process that includes conducting energy audits, acquiring energy data, establishing performance targets, and pinpointing areas for improvement.  

    Conducting Energy Audits 

    Conducting an energy audit is the first step in implementing the energy benchmarking process. An energy audit involves evaluating a building’s energy use and identifying potential areas for improvement. The audit can be conducted by an energy consultant or performed in-house by building staff. 

    During an energy audit, the following steps are typically taken: 

    • Review of energy bills 
    • Walkthrough of the building to identify energy systems and usage 
    • Review of maintenance logs 
    • Interview with building staff to identify energy issues

    Gathering Energy Data 

    Gathering energy data is the second step in implementing the energy benchmarking process. Building owners and managers can gather energy data by: 

    • Collecting energy bills 
    • Installing sub-meters to track energy usage by the system or tenant
    • Implementing a building automation system to track energy usage in real-time

    The energy data should be collected regularly, such as monthly or quarterly, to ensure energy usage trends can be identified.

    Setting Performance Goals 

    Setting performance goals is the third step in implementing energy benchmarking. Performance goals should be based on industry standards and best practices. Some of the common performance goals include gaining either: 

    • Energy Star certification 
    • LEED certification 
    • Green Globes certification 

    The performance goals should be challenging yet achievable.

    Identifying Opportunities for Improvement 

    Identifying opportunities for improvement is the fourth step in implementing energy benchmarking. Building owners and managers can identify opportunities for improvement by: 

    • Analyzing energy data 
    • Conducting a cost-benefit analysis of potential upgrades 
    • Prioritizing upgrades based on cost and energy savings potential 

    Some of the areas for improvement include lighting, HVAC systems, and building envelopes. 

    3. Benefits of Energy Benchmarking 

    Energy benchmarking offers several benefits, including cost savings, increased efficiency, improved building performance, and enhanced sustainability. 

    Cost Savings 

    One of the most significant benefits of energy benchmarking is cost savings. By identifying areas for improvement and implementing energy efficiency upgrades, building owners and managers can reduce energy consumption and save money on energy costs. According to the Environmental Protection Agency (EPA), buildings that benchmark energy usage can save up to 7% annually on energy costs. 

    Increased Efficiency 

    By locating energy wastage, energy benchmarking also contributes to efficiency growth. Building owners and managers may decrease energy waste and boost the effectiveness of their building systems by adopting energy efficiency enhancements. This can therefore result in enhanced building performance and greater occupant comfort.

    Improved Building Performance 

    Building owners and managers may enhance the efficiency of their building systems by identifying potential areas for improvement and putting those improvements into practice. Numerous advantages may result from this, including better maintenance of building systems, enhanced occupant comfort, and improved indoor air quality. In the end, energy benchmarking may assist property owners and managers in improving the experience for their renters or residents while also lowering their carbon footprint and promoting a more sustainable future. 

    Enhanced Sustainability 

    Enhancing sustainability through energy benchmarking may be beneficial. Reduced energy use may help building owners and managers lower their carbon impact and advance a more sustainable future. Building managers and owners may increase the lifespan of building systems and encourage sustainable practices by installing energy efficiency modifications. These advantages can result in cost savings over the long run and better building performance in addition to having a favorable effect on the environment. In the end, energy benchmarking may assist building managers and owners in meaningfully influencing the future to be more resilient and sustainable. 

    4. Challenges of Energy Benchmarking 

    Energy Benchmarking Implementation - Vert Energy Group

    While there are many benefits to energy benchmarking, there are also some challenges that building owners and managers should be aware of. Some of the common challenges include:  

    Data Collection 

    Accurately gathering energy data can be a challenging task, particularly for buildings with multiple tenants or submeters. Collecting energy data can be time-consuming and expensive when dealing with renters or subcontractors, and building owners and managers may be required to address these challenges. 

    Fortunately, there are several solutions available to simplify the data collection process. For example, building owners and managers can invest in smart meters, which can automatically monitor and report energy usage data in real-time. Additionally, implementing energy management systems can provide a centralized platform for tracking energy consumption across multiple buildings and tenants. 

    Cost 

    While implementing energy benchmarking and energy efficiency upgrades can be beneficial for building performance and sustainability, they can also come with a significant price tag. Building owners and managers need to carefully consider the costs of upgrades against the potential energy savings to determine if the investment is worthwhile. 

    Fortunately, there are several financing options available to help building owners and managers implement energy efficiency upgrades without breaking the bank. For example, government grants and incentives may be available to support building upgrades, and energy service companies (ESCOs) can provide financing solutions to help offset upfront costs. 

    Lack of Expertise 

    Implementing energy benchmarking and energy efficiency upgrades requires a certain level of expertise in energy management and building systems. Building owners and managers may need to hire energy consultants or provide training for their staff to ensure that these practices are implemented effectively. 

    Expert energy consultants can provide valuable insights into building systems and energy usage patterns, helping building owners and managers identify areas for improvement and develop strategies for optimizing energy efficiency. In addition, providing staff training on energy-efficient practices can help ensure that building systems are used efficiently and that energy-saving opportunities are not missed. 

    Conclusion 

    In conclusion, energy benchmarking is a practical and effective way to reduce carbon footprint and improve building performance. By implementing energy benchmarking, building owners and managers can save money on energy costs, reduce greenhouse gas emissions, and contribute to a more sustainable future. Although challenges exist, the benefits of energy benchmarking outweigh the costs, making it a worthwhile investment. We encourage building owners and managers to embrace energy benchmarking and make a positive impact on the environment. 

    If you are looking for an Energy Benchmark expert for your property, contact us at VertPro.com! We are an award-winning Energy Benchmarking and Audit Consultancy, recognized on Inc. 5000, providing innovative SaaS technology-based solutions for Building Owners & Property Managers to Simplify Energy Compliance with all 50+ Energy Benchmarking & Energy Efficiency Laws Nationwide. From Energy Benchmarking to Energy Audits/RCx Plus and Construction Marketplace, VertPro® has you covered.