AB 1103 has finally been passed and is now officially in effect! Following a number of delays to address comments from the real estate industry, full compliance with California's new energy disclosure law is required from January 1, 2014 for all buildings 10,000 square feet or larger.
AB 1103 – benchmarking California's buildings
AB 1103 requires commercial building owners to benchmark and disclose a building's historical energy usage prior to selling, leasing or financing the entire building. The statute requires energy consumption data to be collected from utility companies and entered into the Environmental Protection Agency's ENERGY STAR Portfolio Manager system, which generates an energy efficiency rating for the building.
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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.
