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"ICP creates a standard approach...The protocols will provide the investment community with the confidence that projects will yield actual benefits and results similar to those that were predicted.”
- Andrew Brooks, AEA |
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This 49-unit apartment building, located in Berkeley, California, recently received a number of cost effective energy efficiency upgrades consistent with the Investor Confidence Project (ICP) Standard Multifamily Protocol resulting in a payback period of only 4 years.
The City of Berkeley housing code Residential Energy Conservation Ordinance (RECO) requires properties that have been sold or are undergoing substantial rehab to comply with a list of energy conservation measures. The Association of Energy Affordability (AEA), a not-for-profit technical services and training organization specializing in energy audits, retro-commissioning, design, project management and construction oversight services, performed a comprehensive energy audit at a 49-unit multifamily property located in Berkeley, California, in conjunction with the RECO requirements. The project focused on a five-story, multifamily apartment building built in 1968, comprised of apartments, common areas, laundry facilities, offices, and a parking garage. For this project, in addition to satisfying the local municipality’s RECO requirements, AEA conformed with the ICP Standard Multifamily Protocol to achieve Investor Ready Energy EfficiencyTM certification. AEA performed a comprehensive audit of the property and identified a number of cost-effective energy efficiency measures as well as non-energy related improvements to reduce operating costs and improve comfort, durability, safety and building operations. As part of the project, AEA identified incentives under the Bay Regional Energy Network (BayREN) rebate program. Total estimated implementation costs for energy efficiency and Operations & Maintenance measures was $70,350, before rebates of $36,750. The predicted annual energy savings are $8,130 resulting in a simple payback period of just over four years. The ICP System is designed to deliver predicted savings, and in doing so, attract more private capital to energy efficiency projects. Andy Brooks of AEA agrees and states “ICP creates a standard approach to implementing energy efficiency projects across a broad spectrum of building types. The protocols provide the investment community with the confidence that projects will yield actual benefits and results similar to those that were predicted.” |
RETROFIT MEASURES
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Association for Energy Affordability (AEA) is a not-for-profit technical services and training organization at the forefront of increasing energy efficiency in buildings. AEA has over 100 professional energy engineers, project managers, trainers and technical consultants who are uniquely qualified to train and assist building owners in achieving cost savings and energy efficiency and to access public funds to defray project costs. AEA’s technical staff has extensive experience in all aspects of the development of cost-effective work scopes and development of specifications for mechanical system upgrades or replacements, conducting bid processes to select contractors for measure installation, obtaining agreements with owners, and in implementation, construction oversight and post-construction inspection of energy efficient retrofits in multi-family housing.
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