Austin Energy Trackers

In case you missed the new energy audit law in Austin, Texas this past June, this is for you. If you own property in Austin make sure that you, or your management company, comply with the new law. If you are looking to buy in Austin, make sure you ask for the audit results.

Austin’s Energy Conservation Audit and Disclosure Ordinance requires that eligible commercial facilities (including multifamily residential buildings with five or more units) calculate their energy performance ratings not later than June 16, 2011, using a rating system approved by the director of the Austin Electric Utility. Building owners must disclose this information to a purchaser or prospective purchaser of the facility before the time of sale. The city has further defined the EPA’s Portfolio Manager as the approved system for buildings with more than 5,000 square feet of space. The ordinance does not apply to properties transferred via a foreclosure sale, trustee’s sale, or deed in lieu of foreclosure transfer.

MultiFamily Executive had a great article on some of the laws being passed around the country regarding the efforts to mandate energy bench-marking in the apartment industry. Read the article here.

Enery Trackers