“This ordinance will help to capture the information to enable better informed real estate decisions and unlock the market for energy efficiency. We believe that this ordinance addresses key business and policy priorities in our sector, including saving money, creating local jobs, protecting our health, and promot[ing] Chicago’s position as a leading sustainable city to attract new business and succeed in the global market place.”
– Commercial and Residential Real Estate Management Executive
“Energy efficiency is not a passing fad; it has become a core value and operating principle for many of Chicago’s largest corporate tenants, condo owners, and residential tenants.”
– Commercial and Residential Real Estate Manager
“Energy [benchmarking and] disclosure [across our management portfolio of more than 1,000 buildings] has helped [condominium] board members feel comfortable making decisions to improve efficiency because they have more accurate data on which to base their decision. They are also able to better quantify the investment and return they will generate. We have found that the more informed owners are about their building’s environmental impact, the more empowered they are to improve it.”
– Residential Portfolio Director of Operations
Have you benchmarked one or more buildings, and are looking to take the next steps on energy efficiency? Below are suggestions for starting to improve the energy performance of your property(ies):
Review the building’s energy benchmarking results, starting with two key metrics – energy use intensity (EUI) and the 1-100 ENERGY STAR Score. If you are responsible for benchmarking a building, simply log into the ENERGY STAR Portfolio Manager tool to view this information - see the sample screen shot of the Portfolio Manager Metrics Summary to the right. Otherwise, you may need to review publicly-available information (online here at the City's Data Portal) or ask the property owner or manager for the information.
Next, understand your property's performance in light of results from similar properties:
Comparisons of monthly or annual usage from different time periods can start to provide more insights into your property’s energy use. For example, a spike in usage at a specific time could be a red flag that building equipment is not performing correctly.
In addition, more detailed reviews of energy-consuming equipment and operations can help you gain a better understanding of possible improvements. Start by conducting an energy assessment if you have not done so in the last two to three years. The process will help you identify low-cost and no-cost opportunities specific to your property. Both of the local utilities, ComEd and Peoples Gas, offer free energy assessments to qualifying buildings.
To find out more, contact the utilities today:
If you have already conducted an assessment or audit, or you have already identified specific projects to retrofit your property, be sure to consider using one of the utility rebate and incentive programs to help finance your project:
Public / Government Buildings AND Low-Income Housing Providers:
Multifamily Residential Buildings:
Numerous courses are available to provide training on how to identify and implement energy-saving projects. The City-recognized trainings for energy benchmarking data verification are chosen to focus not just on how to complete benchmarking and verify data, but also how to identify and implement energy saving improvements and technologies. Click here to see the full list of credentials accepted for energy benchmarking data verification.
Additional resources for energy efficiency:
The Retrofit Chicago Energy Challenge is a free, voluntary program available to any property owner or manager in the City of Chicago. The Energy Challenge is designed to provide recognition and support to those who are leading the way on energy efficiency efforts in Chicago. Current participants have reduced energy use by nearly 12%, saving approximately $6.4 million in energy costs per year.
Upon joining the Energy Challenge, participants agree to:
Participants have access to several benefits, including increased recognition and promotion of their efforts, peer-to-peer learning exchanges, and support for utility incentive and rebate program applications.
If you would like to learn more, please visit: www.RetrofitChicago.net
Call the Chicago Energy Benchmarking Help Center at (855) 858-6878 (M-F, 9am-5pm) or email Info@ChicagoEnergyBenchmarking.org.