Investor Ready Energy Efficiency™ (IREE) certification designates that certified efficiency retrofit projects have been developed by qualified project developers and conform to the requirements of the ICP Protocols as verified by independent ICP Quality Assurance Assessor.
This workflow using qualified providers and third-party review ensures that projects leverage industry best practices and standards for baseline energy usage, savings calculations, commissioning, operations and maintenance, and measurement and verification, and that project documentation is standardized to streamline due diligence and underwriting, resulting in lower transaction costs.
IREE certification, like LEED certification, is part of the Green Business Certification Inc.'s portfolio of official certifications that symbolize quality projects in the building industry. IREE certification denotes compliance with comprehensive technical standards, but the certification provides assurance to investors, owners, and other project participants that certified projects have been well engineered and that their savings projections are predictable.
