A case study of the overview, process, and results of the re-tuning that was conducted in a building in Arlington, Virginia by Vornado Realty Trust in October 2012. Re-tuning provided the facilities management team with the ability to identify and understand building scheduling opportunities that drove significant, low-cost energy savings. Five measures were conducted, many of which pertained to the HVAC system.
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This guide primarily applies to facility managers and energy managers of large existing office buildings larger than 100,000 square feet, but also includes considerations for small and medium office buildings. By presenting general project planning guidance as well as financial payback metrics for the most common energy efficiency measures, this guide provides a practical roadmap for effectively planning and implementing performance improvements for existing buildings.
Commercial mortgages currently do not fully account for energy factors in underwriting, valuation and asset management, particularly as it relates to the impact of energy costs on net operating income. As a consequence, energy efficiency is not properly valued and energy risks are not properly assessed and mitigated. Commercial mortgages are a large lever and could be a significant channel for scaling energy efficiency investments.