The impact of energy performance certificates on the market value of commercial buildings

2012 ◽  
Keyword(s):  
Market Value ◽  
Energy Performance ◽  
Commercial Buildings ◽  
The Impact

scholarly journals An Attempt to Determine the Impact of Energy Intensity on the Market Value of Residential Units on the Example of Selected Buildings in Szczecin

2020 ◽  
Vol 28 (1) ◽  
pp. 64-79
Author(s):  
Iwona Foryś ◽  
Ewa Putek-Szeląg ◽  
Beata Ziembicka
Keyword(s):  
Real Estate ◽  
Energy Intensity ◽  
Residential Buildings ◽  
Market Value ◽  
Energy Performance ◽  
Real Estate Market ◽  
Average Error ◽  
Residential Units ◽  
The Impact ◽  
Transaction Price

AbstractEnvironmental requirements, constantly increasing energy prices as well as energy consumption by residential units and buildings have become an important factor in the decision-making processes in the real estate market. The preferences of residential unit buyers who recognize the problem of energy intensity and translate it into the transaction price have also been changing. However, amendments to the Act on real estate management and new European standards have imposed an obligation to include the certificates of energy performance of buildings and premises on real estate valuers in the valuation process. In this paper, energy intensity understood as the heating requirements of multi-family residential buildings is the basis for assessing the impact of the proposed variants on the market value of residential units. The paper analyzes the energy intensity of various types of buildings (e.g. in low and high buildings) and its impact on the market value of residential units in a selected housing estate in Szczecin, when the property valuer has access to energy performance certificates of neither the unit under valuation nor the units selected for comparison. The purpose of this study is to identify the relationship between the energy intensity and the market value of residential units. The proposed three models of real estate market value: non-classical, multiple regression and average price adjustment taking into account energy intensity, obtain results consistent with the actual transaction price at a satisfactory level. The assessment was made using standard deviation, a coefficient of variation and the average error of forecasts.

Impact of roof shading on building energy performance in warm & humid climatic places of India

2020 ◽  
pp. 50-64
Author(s):  
Kuladeep Kumar Sadevi ◽  
Avlokita Agrawal
Keyword(s):  
Energy Consumption ◽  
Energy Conservation ◽  
Energy Performance ◽  
General Assumption ◽  
Climatic Conditions ◽  
Building Envelope ◽  
Passive Cooling ◽  
Base Case ◽  
U Value ◽  
The Impact

With the rise in awareness of energy efficient buildings and adoption of mandatory energy conservation codes across the globe, significant change is being observed in the way the buildings are designed. With the launch of Energy Conservation Building Code (ECBC) in India, climate responsive designs and passive cooling techniques are being explored increasingly in building designs. Of all the building envelope components, roof surface has been identified as the most significant with respect to the heat gain due to the incident solar radiation on buildings, especially in tropical climatic conditions. Since ECBC specifies stringent U-Values for roof assembly, use of insulating materials is becoming popular. Along with insulation, the shading of the roof is also observed to be an important strategy for improving thermal performance of the building, especially in Warm and humid climatic conditions. This study intends to assess the impact of roof shading on building’s energy performance in comparison to that of exposed roof with insulation. A typical office building with specific geometry and schedules has been identified as base case model for this study. This building is simulated using energy modelling software ‘Design Builder’ with base case parameters as prescribed in ECBC. Further, the same building has been simulated parametrically adjusting the amount of roof insulation and roof shading simultaneously. The overall energy consumption and the envelope performance of the top floor are extracted for analysis. The results indicate that the roof shading is an effective passive cooling strategy for both naturally ventilated and air conditioned buildings in Warm and humid climates of India. It is also observed that a fully shaded roof outperforms the insulated roof as per ECBC prescription. Provision of shading over roof reduces the annual energy consumption of building in case of both insulated and uninsulated roofs. However, the impact is higher for uninsulated roofs (U-Value of 3.933 W/m2K), being 4.18% as compared to 0.59% for insulated roofs (U-Value of 0.33 W/m2K).While the general assumption is that roof insulation helps in reducing the energy consumption in tropical buildings, it is observed to be the other way when insulation is provided with roof shading. It is due to restricted heat loss during night.

The Impact of S Corporation Status on Fair Market Value

CFA Digest ◽  
2002 ◽  
Vol 32 (1) ◽  
pp. 89-90
Author(s):  
Frank T. Magiera
Keyword(s):  
Market Value ◽  
Fair Market ◽  
Fair Market Value ◽  
The Impact

تأثير الاستثمار الاجنبي المباشر في القيمة السوقية للشركة (دراسة تطبيقية في شركة بترو جانيا الصينية في عقود التراخيص النفطية للجولة الاولى والثانية في الحقول النفطية في العراق للمدة من 2017-2010)

2020 ◽  
Vol 2020 (66) ◽  
pp. 65-85
Author(s):  
هيثم عبد النبي موسى ◽  
أ .د حيدر نعمة غالي الفريجي
Keyword(s):  
Foreign Direct Investment ◽  
Stock Prices ◽  
Return On Investment ◽  
Direct Investment ◽  
Inverse Correlation ◽  
Market Value ◽  
Political Stability ◽  
Coefficient Of Determination ◽  
Independent Variable ◽  
The Impact

This study dealt with the effect of foreign direct investment on the market value of the company during the period of time (2010-2017). This issue was studied through a sample of oil fields in southern Iraq in which the company operates within the first and second licensing contracts rounds and according to the circumstances and variables of the investment environment as it is. Although this investment often achieves high returns, it is also characterized by a high degree of risk and for the purpose of evaluating the impact of foreign direct investment on the market value of the company's stock prices for the period (2010-2017). The statistical scale (T-TEST) was used to indicate the significance of the correlation hypotheses. Between the return on investment as the independent variable and the market value as the dependent variable, and the use of the coefficient of determination (R2) that measures the effect of the independent variable (foreign direct investment) on the dependent variable (market value) and the F-Test to demonstrate acceptance or rejection of the hypothesis of the return on investing in the market value of the oil company, and if the company achieves a high return in foreign direct investment, the market value of it will be affected positively. The study was based on a set of goals, including determining the attractiveness of Iraq to foreign investments, especially the oil sector, and the study reached a number of conclusions, the most prominent of which is the existence of a strong inverse correlation between the return on investment and the market value of the company. And the existence of a slight impact of the return on investment on the market value of the company, and the study reached a number of recommendations, the most important of which is activating the investment climate through political stability and the clarity and stability of laws and legislation regulating investment, which is one of the most important factors affecting the investment decision.

scholarly journals Energy Performance Assessment of Innovative Building Solutions Coming from Construction and Demolition Waste Materials

Materials ◽  
2021 ◽  
Vol 14 (5) ◽  
pp. 1226
Author(s):  
Beatriz Fraga-De Cal ◽  
Antonio Garrido-Marijuan ◽  
Olaia Eguiarte ◽  
Beñat Arregi ◽  
Ander Romero-Amorrortu ◽  
...  
Keyword(s):  
Thermal Insulation ◽  
Energy Demand ◽  
Energy Savings ◽  
Flow Analysis ◽  
Weather Conditions ◽  
Energy Performance ◽  
Construction And Demolition Waste ◽  
The European Union ◽  
Demolition Waste ◽  
The Impact

Prefabricated solutions incorporating thermal insulation are increasingly adopted as an energy conservation measure for building renovation. The InnoWEE European project developed three technologies from Construction and Demolition Waste (CDW) materials through a manufacturing process that supports the circular economy strategy of the European Union. Two of them consisted of geopolymer panels incorporated into an External Thermal Insulation Composite System (ETICS) and a ventilated façade. This study evaluates their thermal performance by means of monitoring data from three pilot case studies in Greece, Italy, and Romania, and calibrated building simulation models enabling the reliable prediction of energy savings in different climates and use scenarios. Results showed a reduction in energy demand for all demo buildings, with annual energy savings up to 25% after placing the novel insulation solutions. However, savings are highly dependent on weather conditions since the panels affect cooling and heating loads differently. Finally, a parametric assessment is performed to assess the impact of insulation thickness through an energy performance prediction and a cash flow analysis.

scholarly journals Decision-Making Processes in Controlling Exposure to Sunlight Supported by Simulation Tools: A Case Study in Warm Weather

Energies ◽  
2021 ◽  
Vol 14 (14) ◽  
pp. 4100
Author(s):  
Mariana Huskinson ◽  
Antonio Galiano-Garrigós ◽  
Ángel Benigno González-Avilés ◽  
M. Isabel Pérez-Millán
Keyword(s):  
Decision Making ◽  
Global Analysis ◽  
Energy Performance ◽  
Information Modeling ◽  
The European Union ◽  
Evaluation Tool ◽  
Simulation Tools ◽  
Building Information ◽  
The Impact

Improving the energy performance of existing buildings is one of the main strategies defined by the European Union to reduce global energy costs. Amongst the actions to be carried out in buildings to achieve this objective is working with passive measures adapted to each type of climate. To assist designers in the process of finding appropriate solutions for each building and location, different tools have been developed and since the implementation of building information modeling (BIM), it has been possible to perform an analysis of a building’s life cycle from an energy perspective and other types of analysis such as a comfort analysis. In the case of Spain, the first BIM environment tool has been implemented that deals with the global analysis of a building’s behavior and serves as an alternative to previous methods characterized by their lack of both flexibility and information offered to designers. This paper evaluates and compares the official Spanish energy performance evaluation tool (Cypetherm) released in 2018 using a case study involving the installation of sunlight control devices as part of a building refurbishment. It is intended to determine how databases and simplifications affect the designer’s decision-making. Additionally, the yielded energy results are complemented by a comfort analysis to explore the impact of these improvements from a users’ wellbeing viewpoint. At the end of the process the yielded results still confirm that the simulation remains far from reality and that simulation tools can indeed influence the decision-making process.

scholarly journals A Fundamental Study on the Development of New Energy Performance Index in Office Buildings

Energies ◽  
2021 ◽  
Vol 14 (8) ◽  
pp. 2064
Author(s):  
Jin-Hee Kim ◽  
Seong-Koo Son ◽  
Gyeong-Seok Choi ◽  
Young-Tag Kim ◽  
Sung-Bum Kim ◽  
...  
Keyword(s):  
Energy Consumption ◽  
Energy Requirement ◽  
Energy Performance ◽  
Office Buildings ◽  
Light Transmittance ◽  
Wall Structure ◽  
Fundamental Study ◽  
Future Studies ◽  
U Value ◽  
The Impact

Recently, there have been significant concerns regarding excessive energy use in office buildings with a large window-to-wall ratio (WWR) because of the curtain wall structure. However, prior research has confirmed that the impact of the window area on energy consumption varies depending on building size. A newly proposed window-to-floor ratio (WFR) correlates better with energy consumption in the building. In this paper, we derived the correlation by analyzing a simulation using EnergyPlus, and the results are as follows. In the case of small buildings, the results of this study showed that the WWR and energy requirement increase proportionally, and the smaller the size is, the higher the energy sensitivity will be. However, results also confirmed that this correlation was not established for buildings approximately 3600 m2 or larger. Nevertheless, from analyzing the correlation between the WFR and the energy requirements, it could be deduced that energy required increased proportionally when the WFR was 0.1 or higher. On the other hand, the correlation between WWR, U-value, solar heat gain coefficient (SHGC), and material property values of windows had little effect on energy when the WWR was 20%, and the highest effect was seen at a WWR of 100%. Further, with an SHGC below 0.3, the energy requirement decreased with an increasing WWR, regardless of U-value. In addition, we confirmed the need for in-depth research on the impact of the windows’ U-value, SHGC, and WWR, and this will be verified through future studies. In future studies on window performance, U-value, SHGC, visible light transmittance (VLT), wall U-value as sensitivity variables, and correlation between WFR and building size will be examined.

scholarly journals Renovation of Public Lighting Systems in Cultural Landscapes: Lighting and Energy Performance and Their Impact on Nightscapes

Energies ◽  
2021 ◽  
Vol 14 (2) ◽  
pp. 509
Author(s):  
Lodovica Valetti ◽  
Francesca Floris ◽  
Anna Pellegrino
Keyword(s):  
Energy Efficient ◽  
Flux Distribution ◽  
Cultural Landscapes ◽  
Energy Performance ◽  
Luminous Flux ◽  
Landscape Value ◽  
Reduce Energy Consumption ◽  
Lighting Systems ◽  
The Impact ◽  
Positive Effect

The technological innovation in the field of lighting and the need to reduce energy consumption connected to public lighting are leading many municipalities to undertake the renewal of public lighting systems, by replacing the existing luminaires with LED technologies. This renovation process is usually aimed at increasing energy efficiency and reducing maintenance costs, whist improving the lighting performance. To achieve these results, the new luminaires are often characterised by a luminous flux distribution much more downward oriented, which may remarkably influence and alter the perception of the night image of the sites. In this study the implications of the renovation of public lighting systems in terms of lighting and energy performance as well as the effects relating to the alteration of the night image, in historical contexts characterized by significant landscape value, are analysed. Results, along with demonstrating the positive effect that more sustainable and energy efficient lighting systems may have on the lighting performance and energy consumptions of public lighting systems, evidences the impact they may have on the alteration of the nocturnal image.

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