The multifamily housing industry finally has its long-awaited energy rating system that now covers the whole nine yards.
In September, the Environmental Protection Agency (EPA) rolled out its new 1-100 ENERGY STAR rating system, culminating a three-year effort to create an equitable energy efficiency scoring system for multifamily properties. Beginning Sept. 16, apartments of all shapes and sizes – existing or new – began inputting energy usage data and other information to get a score that many believe will help drive leases.
In recent years, much emphasis has been placed on energy efficiency and the ENERGY STAR rating in the commercial and public building sectors with only limited applications to multifamily. Until now, apartments eligible for the rating were once limited by size and age.
Read more...ENERGY STAR® includes Broader Scope of Apartments in Rating System | Property Management Insider
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