In 2007 AB 1103 was passed into law. It states that commercial buildings in the state of California that are bought, sold or leased in their entirety must provide an energy use disclosure in the transfer documents. This legislation was imposed to simultaneously educate building owners, tenants and property managers about the energy consumption in the buildings they work in and to spur energy conservation in these buildings.
If you are in the business of building transactions then it is imperative that you learn the energy benchmark score of your properties before they go up for sale or lease as it will have an affect on the valuation of the property.
Think of it as a miles per gallon rating for your building. An Energy Benchmark Score is a rating from 1-100 of how efficient your building is operating. Any building receiving a score of 75 or higher is eligible for the Energy Star Rating. AB 1103 uses this score and it's checklist as the method for satisfying the energy use disclosure requirement.
Jackson & Blanc's professional engineering staff can help by providing the benchmark rating and completing the statement of energy performance for our customers so they fully comply with AB 1103. We can also come up with a list of Energy Conservation Measures (ECM) that can be implemented to quickly raise the building score, attracting more buyers and selling or leasing at a higher price.