Predicting Building Energy Efficiency Using New York City Benchmarking Data
Predicting Building Energy Efficiency Using New York City Benchmarking Data
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发表时间:
2012
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通讯作者:
Constantine E. Kontokosta
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作者:
Constantine E. Kontokosta
The reduction of risk and uncertainty with respect to post-retrofit performance and energy savings is a critical component to unlocking traditional capital markets for commercial building retrofits. This, in turn, is a necessary step in scaling up sustainable real estate markets and retrofit programs. While a range of factors influence actual energy savings, there remains a gap in our understanding of how building characteristics affect energy performance across a broad spectrum of variables. Using a unique database of energy benchmarking data resulting from New York City’s Local Law 84, accessed and analyzed for the first time by the author, this paper examines energy performance across a range of building characteristics, including structural, mechanical, locational, and occupancy variables. The unprecedented data used in this paper allows for the analysis of over 10,000 large (over 50,000 square feet) commercial buildings and is the first significant, robust sample of non-voluntary energy performance reporting. Using robust regression techniques, this research then presents a predictive model of building energy efficiency. This work is particularly relevant to emerging policy initiatives relating to energy benchmarking, retrofit financing programs, and commercial lease structures designed to overcome split incentive barriers.