August 22, 2003—The Building Owners and Managers Association (BOMA) International has partnered with RealWinWin, Inc., a Philadelphia-based energy-efficiency consulting practice whose team helped the EPA develop and implement Energy Star for Commercial Real Estate, to offer three programs that help building owners and managers create value with energy efficiency. Rebate Administration, NOI Builder, and Building Triage are designed to help building owners and managers assess their energy efficiencies and determine appropriate strategies for maximizing them.
Rebate Administration is powered by RealWinWins Financial Incentives National Database (F.I.N.D.), an up-to-date listing of rebates and other incentives to improve the energy and water efficiency of buildings. Rebate Administration is a turnkey solution for capturing “free money” to help pay for upgrades. Such sums can be considerable: last year, utilities, state and federal agencies, and other sources offered more than $1.5 billion in incentives to improve building efficiency.
Building Triage provides a time-efficient and cost-effective approach to screening upgrade opportunities. This program combines a high-level review of building systems, utility cost intensity, and rebate availability. These rankings help owners target the properties and building systems that are the most worthy candidates for more detailed study.
RealWinWins proprietary software, NOI Builder, helps building owners and managers evaluate expense-reducing capital improvements to multi-tenant properties. NOI Builder takes an investment-grade approach to determining how each lease would allocate the costs and benefits of the proposed upgrade between the owner and the tenant; how changes in other building expenses, vacancy rate, and other factors would affect this allocation; how the owners share of savings affects net operating income (NOI) and the buildings appraised value; the projects total return, simple payback period, net present value (NPV), and internal rate of return (IRR) calculated from the owners perspective; and how changes to vacancy, holding period, capitalization rates, inflation rates, and other factors would influence the owners financial return.
To learn more about these programs, visit BOMA.
