Energy Efficiency Could Save Billions
Originally published by: Green Builder Magazine — February 16, 2012
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According a recent story in Forbes, energy efficiency in multifamily buildings can save owners $3.4 billion a year. American Utility Management (AUM) recently authored a whitepaper entitled “Multifamily Energy Benchmarking for Reducing Energy Expense" that explains how to identify changes to improve a property’s energy efficiency, such as establishing energy reduction projects and procedures, setting energy savings goals, and monitoring for improvement in operations.
The white paper is the result of a year-long energy efficiency study which interviewed over 300 property owners representing over 2,400 multifamily properties throughout the U.S. Using this data, Georgia Tech developed a mathematical algorithm that compares multiple energy efficiency metrics and variables unique to multifamily properties. This helps owners interpret their property’s results to explain and predict variations in energy performance metrics, identify improvement options, and set energy reduction goals for improved efficiency.
The white paper also discusses AUM’s and Georgia Tech’s AUMScore, an energy benchmarking tool developed specifically for multifamily owners. AUMScore allows property owners to compare their property’s energy efficiency to other similar properties in their portfolio or in a given region using as many as 30 variables per property.
AUM provides comprehensive utility management and energy services for the multifamily industry. AUM services include vacant cost recovery, sub-metering, cost-consumption variance analysis, benchmarking, and energy sustainability compliance, to name a few.