Real Estate Journal — Green Buildings — March 28 - April 10, 2014 — 18B
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M id A tlantic
G reen B uildings
By George Crawford, Green Partners LLC Benchmarking Requirements Heads Up
N
YC Loca l Law 84 Benchmarking filing requirements have
50,000 sf and above. Now with the combination of these two Local Laws, the covered build- ings platform has expanded substantially. Filings must be made by May 1st of each year (starting May 1 2018 for the mid-sized buildings). Bench- marking scores range from 1 – 100. Higher scores indicate higher levels of energy effi- ciency and lower scores, lower levels of efficiency. A Bench- marking score of 50 represents the median level of energy consumption for buildings na- tionwide. In NYC, the median score is somewhat higher – in
the 60 range. If your building has a below average Benchmarking score, you would be well advised to take action, because low scores equal lost profits. But before you jump into the “fix it fast mode”, try and quantify your risk/reward equation. You want to make sure that the cost of the fix meets the economic smell test. One approach would be to add up your annual oil/gas bills along with your electric bills. Then take 10% or 15% of the combined total to quantify the potential savings that could be achieved. Most buildings
can save between 20% to 35% in energy costs, so targeting energy savings in the 10% to 15% range is realistic. From this total you could develop your budget to engage an en- gineer to perform a “targeted” energy assessment, focusing on your largest areas of en- ergy expense – lighting and heating. Remember that with today’s technology, literally every system in every building that consumes energy can be upgraded with a more energy efficient replacement. The issue is to prioritize these potential measures, so that you start
with the best payback with the highest economic return and then work from there. A good example of a potential measure with one of the best paybacks is LED lighting. Because LED lighting products have dra- matically lower levels of electric consumption, as compared to incandescent or fluorescent products, the average invest- ment payback is in the two to three year range. Rarely will you find a LED upgrade proj- ect that exceeds a three year payback. These compelling returns are backed by 5 year readily available manufactur- ers warranties for quality LED products. These warranties in effect guarantee the financial success of your LED upgrade, which in turn will improve your Benchmarking score. All covered buildings are required to file by May 1st annually. Failure to file will result in a $500 fine. Continued failure to file will result in an additional $500 fine for every three months thereafter - with an annual cap of $2,000. If a first year mid-sized building is unable to file in time, they may contact the NYCBenchmarking Help Center 60 days or more before May 1st and request a 60 day filing extension. For the thousands of newly covered buildings in the 25,000 sf to 50,000 sf range, the expan- sion of energy conservation related Local Laws, including MGKF presents Regulatory Over- viewforPlantMgmt. PHILADELPHIA, PA — Manko, Gold, Katcher & Fox (MGKF) partners Nicole Moshang and Katherine Vaccaro joined in-house tech- nical consultant Michael C. Nines, P.E., LEED AP as presenters at the Plant Opera- tions Management Workshop sponsored by the Chemistry Council of New Jersey (CCNJ). MGKF’s presentation provid- ed a regulatory overview for plant management, focusing on environmental permitting, compliance reporting and certification, and challenging administrative actions by NJDEP. CCNJ represents the interests of more than 75 New Jersey chemical and pharma- ceutical manufacturers before the New Jersey Legislature, Executive Branch, and state agencies. n continued on page 20B
now been ex- panded - ef- fective Janu- ary 1, 2018 with the ad- dition of Lo- cal Law 133. The combina- tion of LL 84 and LL 133
George Crawford
now require covered buildings that are 25,000 sf and larger to comply with Benchmarking filing requirements. Formerly LL 84 only covered buildings
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