ENERGY STAR certified buildings and plants are good for the environment and good for the bottom line. Read on for 10 compelling reasons why your organization should pursue America’s most trusted symbol of energy efficiency for your properties.
1. Lower operating costs.
Once in operation, ENERGY STAR certified buildings use, on average, 35% less energy than similar buildings nationwide. Those are substantial savings! For example, ENERGY STAR certified office buildings cost $0.50 less per square foot to operate than non-certified building. Currently, ENERGY STAR certified buildings are saving nearly $140,000 per building – that’s $2.3 billion every year!
2. More marketable.
In an era when fears of “greenwashing” abound, cut through the clutter with ENERGY STAR, the most trusted environmental label in the United States. ENERGY STAR is the only energy efficiency certification that is based on actual, verified energy performance, making your buildings all the more attractive to potential buyers and lessees who want guaranteed savings.
3. Reduced greenhouse gas emissions.
Because ENERGY STAR certified buildings are verified to use an average of 35% less energy than similar buildings, they can also be verified to contribute 35% fewer greenhouse gas emissions to our atmosphere. By earning the ENERGY STAR, you’re joining the front lines in the fight against climate change.
4. Lease to federal tenants.
If you want to lease your space to a federal tenant, your buildings must be ENERGY STAR certified (per Executive Order 13514).
5. Higher rental rates.
According to a CoStar Group study1, rental rates in ENERGY STAR certified buildings are $2.40 per square foot higher than similar buildings. The same CoStar Group study found occupancy rates to be 3.6% higher in ENERGY STAR certified buildings, too.
6. Increased asset value.
Reliably persistent energy performance makes it more likely that the higher net operating income from energy cost savings will be recognized through higher building value. Experienced managers of large portfolios of ENERGY STAR certified buildings interviewed2 confirm that ENERGY STAR helps increase building value!
7. Manage risk when developing properties.
Are you developing commercial real estate? Achieving the Designed to Earn the ENERGY STAR label for your building’s designs can help diminish risks to profitability by validating assumptions made during the development appraisal, such as operating costs, rents, asset value and occupancy. Some jurisdictions even allow expedited permitting, review, processing and inspections to projects that have been designed to earn ENERGY STAR qualification.
8. Hedge against future mandates.
Numerous cities and states have passed legislation containing energy efficiency mandates for commercial new construction projects and existing buildings. The vast majority of them incorporate ENERGY STAR and Designed to Earn the ENERGY STAR. The trend is growing every year as more and more cities and states look for ways to reduce costs and emissions. By earning the ENERGY STAR now, you’re in a better position to respond to any future laws or mandates that come your way. See the list of legislation and campaigns leveraging ENERGY STAR.
9. No cost.
All of EPA’s tools and resources, including Portfolio Manager and Target Finder, are free to use. So you can spend your budget on finding other ways to save, rather than on a third-party program.
10. It’s the right thing to do.
We are big believers in doing the right thing. Studies have shown that 68% of adults like to do business with companies that are environmentally responsible3. More than 80% of workers are attracted by an employer with an environmental reputation. And about half of workers said they would forgo higher pay or a promotion to work for an organization with a good reputation4.
—The EnergyEarth Team
© 2013 Energy Earth LLC. All Rights Reserved.
Via EnergyStar.gov (with minor editing).
1Does Green Pay Off? July 12, 2008
2Summary of the financial benefits of ENERGY STAR labeled office buildings, 2006
32007 National Technology Readiness Survey
42009 Kelly Global Workforce Index
Images from http://www.apartmenttherapy.com/tvs-get-greener-with-yellow-en-132244