If sustainability is a part of your branding, the holidays are your time to shine. Did you know that from Thanksgiving to New Year’s Day, Americans toss about one million extra tons of trash each week? The additional waste is mostly holiday packaging, wrapping, and shipping supplies. Americans are particularly wasteful with energy during the holidays, too. Households in the US consume more energy during the holidays that some countries do in a year. Multifamily properties can set new precedents for the holidays. Below are six tips to make your property more environmentally friendly and cost efficient. By implementing conservation techniques and rewarding resident participation, we can break the tradition of holiday waste. Sustainable Switches, Great and Small Do you have a healthy budget for sustainable upgrades, or are you’re advocating for Mother Earth with your bare hands? Below are a few tips for budgets of any size. Make the Switch to LEDs If you haven’t already made the switch to LED lights, do so. This includes your holiday lighting. According to Eartheasy, the average business can save about $3,700 per year, per 25 bulbs. Each LED bulb last up to 200,000 hours, meaning that you replace bulbs and strings of lights less often. Step Up Recycling After the holidays, host recycling hauls for residents. For example, invite residents to bring their outdated electronics down to a truck near the leasing office. It’s then a single trip to recycle tablets and smart phones for the entire community. (Many electronics store offer recycling services.) You can also invite a tree specialist to the property to clear Christmas trees. Some companies will bring a mulching truck and recycle trees on the spot! Improve Utility Billing Some residents decorate like there is no tomorrow. Others leave town or skip the décor...

Those summer tees and shorts are but a memory. With fall here and winter on deck, how do you stay comfortable at home without spiking your utility bills? Here’s a compilation of tips from the U.S. Department of Energy and other sources. Study up. Conduct an energy audit to find out where you can save and invest for long-term energy savings. Don’t miss sunshine. Open curtains on your south-facing windows during the day to allow sunlight to naturally heat your home. Close them at night. End the draft. According to energy services marketplace Choose Energy, up to 30% of a home’s heat can escape through low-efficiency windows. Cold air can lead into a home through cracks and gaps in windows and doorways. Covering windows and sliding doors with clear plastic film can cut about 14% from your heating bill. Install tight-fitting, insulating drapes or shades on windows that still feel drafty. Seal any gaps with caulk or weather-stripping. Check the equipment. Have your heating system serviced. Replace furnace and heater filters as needed. Air filters should be replaced monthly. Clean the flue vents on wood- and pellet-burning heaters. Reset the temp. When you’re home and awake, set your thermostat as low as possible to remain comfortable. Turn it back 10° to 15° at nighttime and when you’re gone. A smart or programmable thermostat makes this easy. Get a smart ’stat. Almost half of monthly energy costs are controlled by your thermostat, according to Efficiency Vermont, and Choose Energy says a programmable thermostat can cut heating costs by up to 12%. Cut your losses. Close your fireplace damper when not in use to keep warm air from escaping up the chimney. Install tempered glass doors and a heat-air exchange system for the fireplace. Add caulking around the fireplace...

The world’s largest single-site solar power plant recently commenced operation. It outpaces the leading solar power farm by a hair’s width and leaves America’s largest in the dust. Sweihan Power Plant vs. The World Japan’s Marubeni Corp Sweihan photovoltaic power plant, located in the United Arab Emirates, took two years to complete. The site contains 3.2 million solar panels that produce 1,177 megawatts of energy. For comparison, the largest solar power plant in the United States is Solar Star in California. It has 1.7 million solar panels that produce 579 megawatts of energy. That’s enough to power about 255,000 homes, reports Solstice, the leading solar power provider in Cambridge, Massachusetts. It was the largest of its time when completed in 2015. Learn how the United States is nearing the end of solar ITC programs. Solar Star is, in fact, not among the largest solar farms in the world. India and China dominate the sun-powered energy. Shakti Sthala, Pavagada, Karnataka of India produces a contested 2,000 megawatts. It is followed by Kurnool Ultra Mega Solar Park of India which generates 1,000 megawatts. Longyangxia Dam Solar Park in China generates 850 megawatts. Kamuthi, Tamil Nadu of India offers 648 megawatts of power to nearby communities. Marubeni Corp, JinkoSolar Holding Co., and Abu Dhabi Power Corp. co-own the $870 million Sweihan solar farm. The project required eight international banks to secure funding. The UAE Energy Plan 2050 The project, also called Noor Abu Dhabi, is part of the UAE’s Energy Plan 2050. Introduced in 2017 by Sheikh Mohammed bin Rashid Al Maktoum, the energy plan is designed to produce renewable, nuclear and clean energy sources. The plan invests $163 billion in pursuit of a more sustainable and diverse energy supply including “44 percent clean energy, 38 percent...

Commercial building owners and managers, especially those equipped with the Yardi Pulse Suite, can lead the way in optimizing energy consumption. But with tenants accounting for as much as 80% of the energy used in office buildings, energy efficiency requires nothing less than a full team effort. ENERGY STAR® suggests making the quest for energy efficiency collaborative, stimulating, rewarding and—last but certainly not least—fun for tenants. Advice in the program’s “8 Great Strategies to Engage Tenants on Energy Efficiency” guidebook from 2016 includes: Be transparent and open with timely information. That includes sharing energy efficiency goals, building energy use data and ENERGY STAR scores. Vornado Realty Trust, for example, launched an energy information portal that enables submetered tenants to access their energy usage profile and data. JLL publishes an annual building environmental report while Wells Real Estate displays ENERGY STAR scorecards that report progress toward sustainability goals. Leverage the ENERGY STAR brand, which the U.S. Environmental Protection Agency says is recognized by 80% of Americans. The program’s resources include tip sheets, interactive tools and other guidance for inspiring tenants to provide energy consumption information. Beacon Capital Partners Inc. and Cushman & Wakefield are among the property managers that apply ENERGY STAR branding to its posters and other materials. ENERGY STAR also offers opportunities for positive visibility through certifications, competitions and other recognition. Educate tenants on their energy use and impacts and help them identify opportunities for improvement. Examples among industry leaders include CBRE, which sends letters rich with energy-saving tips; Beacon Capital, which hosts a plug load educational program; and Liberty Property Trust, which created a green guide web portal. Meanwhile, Cushman & Wakefield offers tenants a green office tool kit, Bentall Kennedy distributes a sustainable tenant improvement manual and JLL sponsors a “go...

Tuesday, Oct. 22, 2019, is ENERGY STAR Day, described by the U.S. Environmental Protection Agency as “a celebration of energy efficiency” and a means to raise awareness of the benefits of favoring products and properties with ENERGY STAR® certification. And there’s a lot to celebrate. On average, ENERGY STAR-certified buildings use 35% less energy than typical buildings nationwide and command a premium of up to 16% for sales prices and rental rates. More than 34,000 buildings have earned certification, which requires an ENERGY STAR score of 75 or higher, meaning that such a building performs better than at least 75% of similar buildings nationwide. All told, ENERGY STAR and its partners have helped save American families and businesses more than $450 billion and over 3.5 trillion kilowatt-hours of electricity since 1992 while also achieving broad emissions reductions. Another facet of the ENERGY STAR program has been similarly fruitful for industrial plants, while ENERGY STAR-certified homes, apartments and products are built to an equally high standard of efficiency. Yardi is intimately familiar with ENERGY STAR and its benefits. Property managers use the Yardi Pulse Suite to capture energy data for ENERGY STAR® benchmarking and reporting. The company employs experts who can help clients identify conservation opportunities and comply with ENERGY STAR and other standards. Yardi is also sponsoring a series of webinars this month on new ENERGY STAR compliance requirements taking effect in the U.S. and Canada next year. The EPA, co-manager of ENERGY STAR, has recognized Yardi as an energy efficiency leader. In April 2019, the company earned designation as an ENERGY STAR Partner of the Year, the highest level of recognition the agency offers, in the service and product provider category. Check out the EPA’s toolkit for spreading awareness of ENERGY STAR Day through...

Your tenant in the eastern wing is chronically cold. You’re fighting an uphill battle for safety as your tenant’s employees bring personal heaters into the space.  In the western wing, however, your tenant’s employees can’t get cool enough. They complain of high energy bills while swearing the humidity will lead to mold problems. Uncomfortable tenants are more than a headache. They are a threat to your bottom line. Thermal comfort can impact your tenants’ desire to renew their leases. Additionally, a commercial property with low thermal comfort may indicate inefficiencies in its climate controls or building envelope. High turnover and an inefficient building will adversely affect your bottom line. Thermal Comfort + Your Bottom Line The American Society of Heating, Refrigerating and Air-Conditioning Engineers defines thermal comfort as the condition of mind that expresses satisfaction with the thermal environment. It is subjectively assessed by using the Comfort Scale or Thermal Index, both of which evaluate temperature, humidity, air velocity, and radiant temperature. As comfort is subjective, a commercial building’s thermal comfort ranking will vary from person to person. Health and Safety Executive recognizes an international standard which suggests that a building has “reasonable comfort” when at least 80 percent of its occupants are thermally comfortable. Improving Thermal Comfort in Commercial Properties There are three ways to notably improve tenant comfort and protect your investment: 1. Identify and Fix Leaks Address leaks in the building envelope. Contact a contractor to identify areas where your heating and cooling efforts are defeated by oversights in construction or maintenance. Resealing windows and adding weather stripping to doors, for example, are two quick fixes for drafts. Leakage significantly decreases the energetic efficiency of an HVAC system. As a result, the HVAC system may be working overtime to regulate indoor conditions. Have your units...

If encouragement to “save money; cut carbon; breathe easier” seems more prominent than usual where you live and work, it’s because today is Energy Efficiency Day, and that’s the key message the event’s organizers are promoting. A nationwide alliance of energy efficiency advocacy groups sponsors Energy Efficiency Day to share “tips, tools and stories that promote the multiple benefits of energy efficiency, from lower costs to healthier homes,” as stated in the event’s website. About 450 local governments, universities, organizations, corporations and utilities are hosting an array of activities including expos, energy-saving device installations, free energy assessments and symposia with thought leaders. Organizers of Energy Efficiency Day, an annual occurrence since 2016, encourage people to stage their own events, such as a “treasure hunt” check of home appliance, lighting and insulation efficiency, and to share their experiences from the day (#EEDay2019). Technologies that lower energy bills and make properties more comfortable are part of Energy Efficiency Day’s focus—and have long been a staple of Yardi’s business. The Yardi Pulse Suite, an integrated set of software solutions, supports sustainability efforts by maximizing efficiency across all property types. “October 2 is Energy Efficiency Day. But efficiency is year-round,” says the event’s website, which pretty well summarizes Yardi’s approach as well. Every month last year, for example, the company benchmarked more than 1,700 buildings across 47 client portfolios in 27 compliance jurisdictions in ENERGY STAR® Portfolio Manager®. A grant to the BOMA Water and Waste Challenge helped property owners and managers improve their water and waste management practices. Ongoing leadership, innovation and commitment to environmental protection earned Yardi designation as an ENERGY STAR Partner of the Year. The company joined GRESB’s Global Partner program this year as a sustainability consultant and solution provider. Yardi promotes energy management...

Solar power is a burgeoning alternative energy source that accounts for 1.6% of total U.S. electricity generation and encompasses enough installed capacity to power 12.3 million homes. It’s the second-fastest source of new generation on the U.S. power grid, but it’s not flawless. Arrays that capture solar energy don’t work at night or when obscured by cloud cover, atmosphere or seasonality. The United Nations estimates the global population will be 9.6 billion by 2050, so the rush is on to find new ways to generate large quantities of clean energy. For decades, scientists have explored putting solar arrays where night never falls and clouds don’t form and power transmission need not be interrupted by fickle weather or unfavorable orbital tilt. Specifically, in geostationary or low-Earth orbit, where satellites could capture solar energy, convert it into a microwave or a laser and beam it to Earth. Ground-based receivers would then convert the energy into useable electricity and add it to the electric grid. “If solar power is going to be the principal so-called ‘dispatchable’ baseload source of power that replaces today’s fossil-fuel-powered electric-generating stations, inherently you have to have the generating source be available all the time,” environmental scientist Dr. Deanna Conners wrote in 2018. Efforts to put space-based solar power generation into production have been hindered by cost and technology impediments. But recent developments are bringing the concept closer to reality. In 2018, scientists at the California Institute of Technology announced that they created a prototype lightweight tile, the building block of solar arrays capable of harnessing and transmitting solar energy from space. Earlier this year, China announced plans to place the first solar power station in geostationary orbit by 2050. Other countries in Asia and Europe are working on their own projects. A...

Want to cut costs across your portfolio while improving environmental conditions for future generations? Of course you do. You can achieve both when you turn sustainability initiatives into games that get residents and tenants involved. The basic tools below can help you get started today. Gamification: Undercover Education (and Self-Help) Meetings, lectures, and classes on saving energy rarely alter our habits. Feedback, seeing the results of our actions often in real-time, has proven to help to change habits. That’s where gamification fits into your energy-saving strategy. What is gamification? In short, it’s implementing game design elements in non-game contexts. It’s making something that tends to be unexciting and intangible more exciting and interactive. Copernicus Institute of Sustainable Development in the Netherlands published research on the gamification of energy savings. Researchers concluded that solely issuing smart meters in buildings did not result in optimal energy savings. It was also necessary to change residents’ energy usage behavior. Games proved to be an effective way to heighten awareness and alter user habits. Historically, residents and tenants are slow to change comfortable behaviors even if we know that we can save money. That’s because changing our behaviors takes effort, such as closing blinds before we leave the building to minimize radiant heat or using an app to turn off lights and outlets. None of those tasks takes much effort. But any task is yet another thing to do in a world where we already feel too busy! Gamification helps to take the effort out of changing our comfortable behaviors and makes conserving resources more entertaining. Copernicus Institute details the following components for effective gamification of energy savings. What Makes Gamification Successful? Gamification can be simplified for both commercial and multifamily properties. The American Council for an Energy Efficient...

The processes and technology needed to start moving to “net zero” buildings—those that produce enough renewable energy to meet their annual energy consumption requirements—are available today. How to make them widely understood, accepted and implemented was the focus of a recent webinar featuring Akshai Rao, Yardi vice president of procure to pay and energy, and other industry experts. ENERGY STAR® estimates that the average commercial building wastes 30% of its energy consumption. Real estate is the fourth largest generator of greenhouse gas emissions; if that industry alone cut its emissions by 30%, the U.S. could hit the Paris Agreement targets, Rao told the webinar audience. This means there are significant monetary as well as societal incentives for achieving net zero. “Because energy is a building’s second largest controllable cost, it can really eat into investor returns. Having a cohesive energy strategy is one of few things the real estate industry can do from an operations perspective that increases portfolio value,” Rao said. Any hope of achieving a net zero building or portfolio, he said, starts with understanding a building’s load factors and prioritizing which buildings to invest in, which is based on benchmarking the portfolio against the industry with ENERGY STAR. ”There’s so much cost and consumption data to be gained just from utility bills. Rather than just approving and paying them, you can achieve portfolio-wide insights and property cost/consumption trends that help identify capital investment that can reduce consumption,” Rao said. Properties can couple this data with real-time metering to visualize the demand profile of a building, which can highlight tactical actions for reducing spend. Once you have data on your portfolio, the next step is to identify properties to invest in for the highest energy savings return. Several solutions on the market...

Dallas-based multifamily community manager Pinnacle sought to reduce utility late fees and increase vacant utility cost recoveries at 170,000 residential units that it manages. “We needed to automate the entire process—payables, receivables, consumption data analysis and reporting that drilled down to a granular level of detail,” said Nicole Ellery, the company’s ancillary performance manager. Doing all this required replacing its cumbersome manual utility consumption tracking and billing with the Yardi Energy Suite. One element of the suite, Yardi Utility Expense Management, receives, validates and completes payments for Pinnacle’s utility bills. Another part, Yardi Utility Billing, monitors and bills residents for their utility consumption, which helps the company recover vacant unit costs, monitor usage, forecast utility revenue and cut waste with consumption alerts. How has the Yardi Energy Suite worked out for Pinnacle? The bottom line, Ellery said on a utility expense management panel at the most recent Yardi Advanced Solutions Conference (YASC), is “lower late fees across the board.” That happened because the comprehensive solution for utility billing, energy management and submeter data administration helps the company “track how properties are performing with line-by-line data down to the individual meter level as opposed to only invoice data.” “When we onboard a new property, we can see red flags such as high consumption on a meter and follow up with an investigation,” Ellery said. “Our property managers and accountants can drill down to each general ledger account and invoice if anything looks off and see what’s going on. We can see gradual increases in consumption and process invoices as soon as they come in.” She added, “We have saved thousands of dollars every year by nearly eliminating late fees. The suite vastly simplified our vacant unit recovery process, so it maximizes income too. We’d be...

The sustainability framework that leading retail property owner, operator and developer Macerich operates under calls for eliminating energy waste and nearly eliminating emissions, water waste and landfill impact. Evidence of Macerich’s success in translating these “Innovating to Zero” principles into best practices includes a No. 1 GRESB Benchmark ranking for four years running among North American retailers and a Top 30 onsite generation designation in the U.S. Environmental Protection Agency’s Green Power Partnership. The Santa Monica, Calif.-based S&P 500 company has generated 16 megawatts of grid relief and saved more than 300,000 KwH annually with solar panel installations and LED retrofits. It’s the only U.S. retail real estate company to earn the highest “Climate A List” ranking from CDP (formerly the Carbon Disclosure Project), the world’s most comprehensive collection of self-reported environmental data. Another accolade came in the form of a Commercial Real Estate Digital Innovation (“Digie”) Award in the Most Intelligent Building Project category that Macerich received at the Realcomm ׀ IBCon conferences in June. Macerich recently marked another notable milestone: the 10-year anniversary of a multifaceted energy management sustainability program that has reduced the company’s environmental impacts while squeezing every ounce of efficiency from its operations. The company’s plan called for using advanced energy management software to combine internet of things data with additional logic and analytics functionality. The goal was to turn disparate charts, graphs and reports into coherent, actionable intelligence for operations teams and managers across 51 million square feet of real estate in 15 U.S. states. The software central to achieving that vision, the Yardi Pulse Suite, integrated Macerich’s central energy management systems with utility billing, energy data collection and the Yardi Voyager property management and accounting system. The suite enables connection, analysis and display of building information from Macerich’s...

Yardi didn’t have to venture far recently to share sustainability expertise with an audience eager for innovative energy efficiency ideas. The company provided top-level sponsorship plus an exhibit and speaker for the California Higher Education Sustainability Conference (CHESC), a forum for research and case studies at the University of California, Santa Barbara, just a few miles from its headquarters. The four-day gathering included more than 700 California higher education professionals including sustainability coordinators, construction, energy and environmental managers, engineers and facilities directors along with faculty and students. Experts from Yardi shared how the Yardi Pulse Suite, an integrated set of software solutions, supports sustainability efforts by helping reduce energy costs and consumption across all property types. They provided examples of the company’s success in helping property owners benchmark to ENERGY STAR® and make energy efficiency investments, and shared how Yardi promotes energy efficiency and sustainability through webinars, articles in trade publications, educational sessions at industry conferences and other activities. CHESC attendees learned that Yardi further displayed its sustainability sensibilities by achieving ENERGY STAR certification for its headquarters in 2018 and installing a real-time online dashboard that shows consumption data for each building at the corporate campus. In April 2019, the company’s initiatives earned designation as an ENERGY STAR Partner of the Year. “It is our hope that tools like ours will continue to help property owners and managers be more successful with energy initiatives and comply with new mandates like the California 2030 Green Building Goals,” Lexi Beausoleil, marketing campaigns specialist for Yardi energy solutions, told the conference, adding that technology can be a powerful tool for engaging people to “see the impact of their behaviors and empower them to make better choices.” Other presenters at the conference’s opening session included Dominique Hargreaves, deputy...

The Climate Mobilization Act is a package of legislation designed to drastically reduce carbon emissions from New York City’s commercial properties. It covers everything from closing high emitting power plants and installing renewable energy sources to limiting emissions from buildings of over 25,000 square feet. A major component of the proposal, Local Law 97 (formerly Bill 1253), was approved by the city council in April 2019 and focuses on greenhouse gas emissions limits for existing buildings. We asked Brian Fridkin, a Yardi Client Services Division team leader in Yardi Energy, for an analysis of LL 97. Q: How will this bill impact Yardi clients in New York City? Fridkin: Many clients who own or manage any commercial property of over 25,000 square feet will have to comply with the law’s carbon emission limits starting in 2024. That’s five years away, but they need to act now to meet the deadline. To comply, property owners will have to calculate their building’s carbon limit, which is based on the square footage of their building. They will then have to calculate their current emissions based on the emission coefficients set in the law. To avoid penalties, they will have to make reductions in the next five years that equal the difference between their emissions and limit.  What’s more, the emission limits change every five years. The limits for 2030-2034, for example, are about half of those for 2024-2029. That’s good because property owners can ease into the changes, but they must constantly prepare for upcoming limits. Additionally, there are minimum requirements that a building must meet by 2024, which include adjusting temperature set points for heat and hot water, repairing system leaks, insulating pipes, ensuring steam traps are operating correctly, complying with lighting standards and weatherizing windows....