Fusing sustainability and creativity is a dynamic duo in modern real estate practices. Let’s explore various aspects. Green Building Designs. Creative architects and developers incorporate sustainable practices into their designs. Many are using energy-efficient structures to reduce operational costs and utility bills using eco-friendly materials. Green building materials primarily use natural materials and renewable resources. The more unconventional the building is, the more risky insurers could find it. So, be prepared to negotiate and defend building methods and materials to show why they are durable and safe. Renewable energy integrations. Renewable energy is the best flex. Get creative with real estate projects that creatively incorporate renewable energy sources like solar panels, wind turbines or geothermal systems to reduce the carbon footprint. Renewable energy has rapidly grown over the past decade and is critical in clean energy transitions. Solar panels worldwide are reimagined in unique patterns. Google’s Bay View campus in Silicon Valley has “dragonscale” solar skins, which generate 40 percent of its office energy needs. Smart Home Tech. Integrating creative, tech-savvy solutions makes homes more energy-efficient and environmentally friendly, promoting sustainable living. If the budget allows, switch out all lighting fixtures for LED lighting and switch to energy-efficient appliances. Green Marketing. Once the switch to a greener and more sustainable building is made, use those renovations as strategies to market properties. Emphasize the unique features that will appeal to environmentally conscious renters. Few will know that stone countertops or tiles are eco-friendly and low maintenance or that adobe bricks provide natural noise protection, especially appealing to those on busy highways or interstates. Landscaping Innovations. Creative landscaping enhances the aesthetic appeal and contributes to environmental conservation. Explore various rain gardens and native plant installations. A rain garden is a garden of native plants planted in a slight depression, generally formed on a natural slope. It is designed to hold and soak rainwater runoff from roofs, driveways, patios or lawns. Rain gardens effectively remove up to 90 percent of nutrients and chemicals and up to 80 percent of sediments from rainwater runoff. Rain gardens are not ponds because they only hold water during and after rainfall, preventing mosquitoes from breeding. Native plants provide habitats for native wildlife and pollinators, making the urban landscape more wildlife-friendly and sheltering them from predators. Community Events. Creative thinking extends beyond properties to community-level projects prioritizing sustainability, fostering a sense of eco-conscious living among residents. Hold an Earth Day or Earth Week event at the property. Invite residents to a clean-up event at a local park, partner with local charities, and host a donation drive. Host a “lights out” event in the clubhouse and encourage residents to turn off electronics inside their units. Provide organic paper-made utensils and plates with organic fruits, vegetables, green juices, and teas. Get social and seek further information to raise awareness for sustainable living. Government Regulations and incentives. Creative collaborations between real estate professionals and policymakers can lead to effective regulations and incentives that promote sustainable development. Geothermal energy may be more common in the western half of the country. Still, with advocacy and developments, large portions of the country can potentially replace old heating and cooling systems in many commercial buildings. We hope these facets highlight creativity’s pivotal role in shaping a more sustainable and environmentally responsible future for the real estate...
Energy Snapshot
What's in store for 2019?
The Balance Sheet compiled prognostications on some key energy issues: Coal stays stable. After a two-year decline, global demand picked up in 2017 and 2018. China accounts for about half of the world’s consumption, and growing demand in India and Asian countries is offsetting declines in the U.S. and Western Europe. The U.S. Energy Information Administration (EIA) forecasts that the country’s electricity generation share from coal will average 26% in 2019, down from 30% in 2017. Oil retreats. The International Energy Agency and OPEC cut their forecasts for global oil demand growth in 2019, reflecting lower economic growth assumptions. The last time world oil consumption fell was in 2008-09, driven by surging prices and the recession. U.S.’s natural gas role grows. New liquefied natural gas (LNG) plants in Louisiana, Texas and Georgia are scheduled to come online, doubling U.S. LNG exporting capability. China is a key driver of demand as the world’s largest gas importer. EIA expects the share of U.S. total utility-scale electricity generation from natural gas-fired power plants to be 35% in 2019, up from 32% in 2017. Politics play out. Climate politics will ramp up in the U.S. as the 2020 presidential election campaign gears up. In December 2018, leaders in the House of Representatives announced plans to establish a new panel, the Select Committee on the Climate Crisis. ‘Smart’ gets bigger. Investors and building managers will continue making green practices a core part of their business. “’Smart’ buildings are becoming more common because of new technology, which impacts building operations, and provides both efficiencies and connectivity which is increasingly being sought by tenants,” says the Counselors of Real Estate, an international property professionals organization. The Urban Land Institute, a nonprofit research and education group, adds, “Real estate has been proactive...
Sun vs. Snow
Rocky Mountain Institute
Touted as the one of the nation’s most energy efficient structures, the Rocky Mountain Institute’s new headquarters doesn’t just survive Colorado’s harsh winters – it thrives. With nighttime temperatures hovering around 5 degrees Fahrenheit in the winter, and an average of 90 inches of snow per year, Basalt, Colorado may not seem like the ideal spot for one of the world’s most energy efficient buildings. That didn’t stop the Rocky Mountain Institute (RMI) from choosing a new location along the Basalt’s Roaring Fork River for their new headquarters. With neighbors like Aspen and Snowmass, RMI’s property shines like a beacon amidst snowcapped mountains and knee-high drifts, but it’s the 252 days of sunlight per year that help this architectural set piece maintain 60-degree indoor temperatures even during the coldest night of the year. The surrounding ski resorts actually helped inspire the building’s structure. As Justin Brooks, lead designer ZFG Architects explains in an interview with Gizmodo, “It’s a very Colorado Solution. If you’re wearing a down jacket that’s highly insulated on the back, you can still sit outside and enjoy a beer.” RMI’s building follows similar logic. The building capitalizes on all those sunny days by using airflow, directed ventilation and solar panels to capture the solar gain from the south side of the building – which gets the most direct exposure to sunlight – and use it to manage the temperature inside. Rooftop solar panels and high-performance quad-pane windows also do their part, the former contributing to the structure’s power load and the latter trapping thermal energy. The building’s exterior also contributes, with a “super tight” building envelope and sunshades on the façade that move based on weather sensor data. Kinetic and responsive, the outside of the building excels at controlling glare and...
Super Solar
Harnessing sun power
There is really only one renewable energy source that can power the whole planet —solar energy. The sun’s energy can power the earth many times over. We’re all familiar with solar technology’s limitless potential, but have yet to actualize its true capability. One of the main hurdles with solar technology is where to put it, as the places where we most need power are lacking space for the big, heavy panels. Silicon Valley startup Ubiquitous Energy, a company spun off by researchers at Massachusetts Institute of Technology and Michigan State University, believes they’ve found the solution—a new type of technology that could span from industrial applications to consumer devices and handheld gadgets—cell phones and tablets that never run out of battery life. Sounds like fantasy, doesn’t it? Until now, solar cells have been only partially transparent and usually a bit tinted, but the startup’s transparent solar cells are so clear that they’re practically indistinguishable from normal panes of glass. Transparent solar is something taught in elementary school: the sun transmits energy in the form of invisible ultraviolet and infrared light, as well as visible light. A solar cell that is engineered to only capture light from the invisible ends of the spectrum, will allow all other light to pass through—thus, it will appear transparent. “It opens a lot of area to deploy solar energy in a non-intrusive way,” Richard Lunt, co-founder of Ubiquitous Energy, said in an interview with Michigan State’s Today blog. “It can be used on tall buildings with lots of windows or any kind of mobile device that demands high aesthetic quality like a phone or e-reader. Ultimately we want to make solar harvesting surfaces that you do not even know are there.” The secret to creating such material is organic chemistry....