Press Release Summary:
According to Anthony Buonicore of Buonicore Partners LLC and E50 member, ASTM E2797 standard is expected to be the foundation for accurate building energy use data collection, compilation, and analysis in the public and commercial property industry. Developed by Subcommittee E50.02 on Real Estate Assessment and Management, standard will complement existing building rating and certification systems and facilitate improved benchmarking and building labeling.
Original Press Release:
New Standard for Building Energy Performance Assessment is Issued by ASTM International
W. CONSHOHOCKEN, Pa., - Building energy performance disclosure regulations now exist in a growing number of states, including California and Washington, as well as cities such as Austin, Texas; Seattle, Wash.; and New York, N.Y. These regulatory activities, combined with the economic reality that energy efficient buildings are more attractive to lenders, buyers and tenants, have been the driving forces for a new ASTM International standard for building energy performance assessment.
ASTM E2797, Practice for Building Energy Performance Assessment for a Building Involved in a Real Estate Transaction, was developed by Subcommittee E50.02 on Real Estate Assessment and Management, part of ASTM International Committee E50 on Environmental Assessment, Risk Management and Corrective Action.
"ASTM E2797 is expected to be the foundation for accurate and reliable building energy use data collection, compilation and analysis in the public and commercial property industry," says Anthony Buonicore, Buonicore Partners LLC, and an E50 member. "It will complement existing building rating and certification systems and facilitate improved benchmarking and building labeling. ASTM E2797 provides a clear and precise methodology for building energy use and energy cost data collection and analysis that is consistent, transparent, practical and reasonable."
Buonicore also notes that the new standard is already finding use with those who provide energy auditing services, property due diligence services, energy efficiency lending services and asset management services.
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ASTM Committee E50 Next Meeting: April 12-14, 2011, April Committee Week, Anaheim, Calif.
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