Assembly Bill 1103 requires a nonresidential building owners or operators to disclose Energy Star Portfolio Manager benchmarking data and ratings, for the most recent 12-month period, to prospective buyers, lessees, or lenders.
Any California nonresidential property owner that owns a building over 5,000 square feet needs to be concerned about AB 1103 as its rules and regulations apply to them. Thus in California commercial property owners need to be aware of the following dates depending on the size of the buildings they own.
- If they own a building measuring more than 50,000 sq ft then they have to get their benchmarking done on and after January 1, 2013.
- If they own a building measuring more than 10,000 sq ft and up to 50,000 sq ft then they have to get their benchmarking done on and after July 1, 2013.
- If they own a building measuring more than 5,000 sq ft and up to 10,000 sq ft then they have to get their benchmarking done on and after January 1, 2014.
Energy Star Portfolio Manager is an online interactive energy management tool that allows you to track and assess energy consumption of your building. It allows you to identify under-performing buildings, verify efficiency improvements, and receive EPA recognition for superior energy performance.
Benchmarking allows nonresidential building owners to understand how their buildings compare to other buildings in terms of energy use and energy efficiency. The purpose of the regulations is to make commercial property owners aware of their property’s energy usage and where they are wasting energy; to lower energy costs of property owners and tenants; and to provide business owners and consumers with more information so that they can make better decisions with regard to their actual energy costs when buying or leasing a property.
A benchmarked building receives a rating of 1-100. A rating of 50 indicates that the building, from an energy consumption standpoint, performs better than 50% of all similar buildings nationwide, while a rating of 75 indicates that the building performs better than 75% of all similar buildings nationwide.