DOE and The Appraisal Foundation Announce New Partnership to Focus on Energy Performance and Building Appraisals
June 13, 2011
As part of the Obama Administration’s efforts to improve commercial building efficiency 20% by 2020, U.S. Energy Secretary Steven Chu today announced a partnership with The Appraisal Foundation that will help expand access to energy efficiency and building performance information for commercial buildings and help American businesses to reduce energy waste. Under the new partnership, the Department of Energy and The Appraisal Foundation will work to ensure that appraisers nationwide have the information, practical guidelines, and professional resources they need to evaluate energy performance when conducting commercial building appraisals. This will help enable investors, building owners and operators, and others to accurately assess the value of energy efficiency as part of the building’s overall appraisal.
“Providing appraisers with the tools to accurately include energy performance when they place a value on a commercial building will help American businesses and institutions save money by saving energy,” said Secretary Chu. “If better performing buildings have a higher value, it will help enable the upfront investment for energy efficiency upgrades.”
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