The newly formed Investor Confidence Project (ICP) is attempting to provide a definitive set of criteria for energy efficiency projects—a kind of good housekeeping standard for green investments.
Created by the Environmental Defense Fund (EDF), ICP aims to provide confidence in investments for energy efficiency upgrades, a needed service the organization says will help spur more such projects. “In today’s commercial real estate market, there are a variety of different standards for identifying, designing, and implementing accretive energy efficiency projects,” writes John Rockwell, a national client manager at Partner Energy, an energy consulting firm.
“This variety creates uncertainty among building owners, managers, and investors who seek to understand Return on Investment (ROI) of potential efficiency projects. Compounding this issue is the fact that energy projects are often too small and too unique to effectively underwrite and reflect in the valuation of the real estate as a whole.”
Rockwell writes that the ICP’s adherence to rigorous engineering standards makes for more confident investing in sustainable projects.
Related Stories
Energy Efficiency | Mar 4, 2015
DOE launches crowdsourcing website for technology innovators
The Oak Ridge National Laboratory launched a new crowdsourcing website called the Buildings Crowdsoucing Community to collect and share ideas by innovators for energy-efficient technologies to use in homes and buildings.
Cultural Facilities | Feb 25, 2015
Bjarke Ingels designs geodesic dome for energy production, community use
A new building in Uppsala, Sweden, will serve as a power plant during the winter and a venue for shows, festivals, and music events during the warm months.
Multifamily Housing | Feb 18, 2015
Make It Right unveils six designs for affordable housing complex
BNIM is among the six firms involved in the project.
Codes and Standards | Feb 12, 2015
ASHRAE, USGBC, IES consider biomass requirements in green building standard
The proposal would add biomass to approved renewables.
Sponsored | Energy Efficient Roofing | Feb 12, 2015
How does airflow under a metal roof further enhance energy savings?
Metal roof coatings with solar reflectance can help building owners save substantially in annual cooling costs. Research has confirmed that creating an air space under a metal roofing system will increase energy savings during both summer and winter months.
Brick and Masonry | Feb 5, 2015
3D-printed 'cool brick' may provide cooling solution for arid locations
Cool Brick is made of porous ceramic bricks set in mortar. The bricks absorb water, which cools the air as it passes through the unit.
Green | Feb 4, 2015
Illinois leads top 10 states for LEED green building
Collectively, 1,662 commercial and institutional projects became LEED certified within the top 10 states in 2014, representing 251.7 million sf of real estate.
Sponsored | Metals | Jan 30, 2015
Want greater energy savings? The answer is right above you
A recent study finds that metal roofs can cut energy costs.
Energy Efficiency | Jan 28, 2015
An urban wind and solar energy system that may actually work
The system was designed to take advantage of a building's air flow and generate energy even if its in the middle of a city.
Sponsored | Energy Efficiency | Jan 23, 2015
Rapid payback and reduced consumption with modulating buildings