Seattle's Energy Efficiency Disclosure Ordinance
In an effort to reduce the emmissions of existing buildings by 20% before 2020, the city of Seattle will require owners of all large commercial and multifamily buildings to benchmark, disclose and report their energy usage data on a yearly basis.
All commercial and multifamily building over 10,000 square feet must comply. If your building is 50,000 square feet or more, your deadline is October 3rd of this year. Buildings that are between 10,000 - 50,000 square feet along with multifamily buildings of 5 or more units have until April 1st, 2012.
According to the City, this policy will create jobs, lower energy costs and significantly reduce emmissions.
What has to be done?
Energy Benchmarking: Using Portfolio Manager (Energy Star's free online energy benchmarking software), building owners must rank the performance of their buildings.
Disclosure: Energy usage must be made available to any potential lender, buyer or tenant.
Reporting: Owners are required to make their annual energy usage data availabale to the city government.
Penalties for non-compliance are not insignificant: When a citation is issued by the city for a failure to report, the building owner has 15 days to get on board. If not, there will be a charge of $150 per day for 10 days, after which the fine will increase to $500 per day.
Take a look at Seattle's webpage about the new ordinance.
What we think:
Here at WegoWise, we believe that Portfolio Manager is a valuable tool that will only become more important in the future—Seattle's use of it in this initiative is clearly indicative of this. Which is why all WegoWise users can automatically export their buildings to Portfolio Manager in minutes.
And since Portfolio Manager has no Energy Star rating for multifamily buildings, our users utilize WegoWise's interactive graphs and benchmarking tools to focus their energy investments while using our free Portfolio Manager feature for their mandatory reporting.