Student ability to Use ENERGY STAR Target Finder tool to identify

Student ability to Use ENERGY STAR Target Finder tool to identify the project rate of energy consumption and projected rate of energy cost savings for their projects.

Student ability to Use ENERGY STAR Target Finder tool to identify

Assignment Outcomes:
Student ability to Use ENERGY STAR Target Finder tool to identify the project rate of energy consumption and projected rate of energy cost savings for their projects.

Identify national median and 45% better than national median rates of energy consumption in new development and significant rehabilitation of existing properties.

Articulate the financial and environmental implications of the difference between national median and 45% better than national median rates of energy consumption in cap stone proposed projects.

Assignment Structure:
Using the outputs of ENERGY STAR Target Finder for their proposed projects, students are to report on the energy, carbon, and financial performance of their development project.

For the proposed property, students’ reports (memos) should:

Firstly, describe the property size, space uses, and location.

Secondly, describe the difference between energy consumption (expressed in kWh) at the Target-Finder-calculated national median and at the projected rate of consumption that is 45% better than the national median.

Thirdly, describe the difference between energy operating costs per square foot at the Target-Finder-calculated national median and at the projected rate of consumption that is 45% better than the national median.

Further, describe the difference between greenhouse gas emissions (expressed in metric tons carbon equivalent (MTCE)) at the Target-Finder-calculated national median and at the projected rate of consumption that is 45% better than the national median.

Additionally, determine and discuss the impacts of superior (45% better than national median) rates of energy consumption on the net operating income and projected value of the asset. Students should use a market capitalization rate commensurate with the market in which their project is propose.

Describe the difference between median and superior rates of energy performance and greenhouse gas emissions in terms of acres of trees or another analogue chosen by the student, using the carbon equivalency calculator referred to below.

Identify and describe any other direct or indirect impacts the pursuit of a superior rate of energy consumption may have on the proposed property such as claims of faster lease up or sales rates due to marketing the property for its green attributes.
The following resources are recommended for completion of the assignment.

Energystar.gov/targetfinder. Use this site to:

Review instructions on how to use Target Finder (see “Step 3: Evaluate your target using Energy Star tools” in the left hand column of the web page Link to Target Finder (see “Access ENERGY STAR Target Finder” in the right hand column of the web page).

https://www.eia.gov/electricity/monthly/epm_table_grapher.cfm?t=epmt_5_6_a Use this link to identify the electric utility rate for a proposed property in a US state.

For proposed projects outside of the United States, students should identify the electric utility rate through their market specific resources.

https://www.epa.gov/energy/greenhouse-gas-equivalencies-calculator . Use this site to answer item number 6, above.
Sustainable Development Capstone Students.

For students completing their capstone in sustainable real estate development, students should determine the financial impact the NYC carbon caps may have on their projects if their Target Finder score is 50 as compared to 45% better than national median. Students should use the Building Energy Exchange’s “Local Law 97 Carbon.

Emissions Calculator” https://be-exchange.org/ll97-calculator/ to determine difference in financial performance if property were to score 50 as compared to 45% better than the national median.

Using the carbon equivalency calculator, student should start to mockup samples of marketing materials that they would use is communicating the environmental benefits of superior energy efficiency at their properties.