Last Friday, President Obama committed to putting $2 billion into energy upgrades of federal buildings as part of the Better Buildings Initiative (funded by private and public sources), demonstrating further commitment to pushing for sustainable buildings. Read more on the Initiative here.
On a related topic, the federal government already mandates that its agencies lease space in Energy Star-labeled buildings. If you are a building owner, are you recognizing the opportunity to attract government lessees with energy upgrades and/or an ENERGY STAR label?
The 2007 the Energy Independence & Security Act (EISA 2007) was intended to aggressively reduce our nation’s energy consumption. Section 435 of the Energy Independence and Security Act mandates that “no Federal agency enter into a leasing contract on or after December 19, 2010, for any building that has not earned the ENERGY STAR label in the most recent year, unless the space requirement is in compliance with specific exceptions provided in the EISA statute.”
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Tony Liou
Tony Liou is the founder and President of Partner Energy, a division of Partner Engineering and Science that offers helps its clients improve their properties’ energy, water, and carbon efficiency, as well as property resilience and sustainability. Tony frequently shares his insights and discusses best practices at speaking engagements and through industry publications. He has presented at conferences including MBA CREF, NAREIM Meetings, CREFC Annual Conference, Environmental Banker Association (EBA) Annual Meeting, and IMN ESG Forums.
