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Rhode Island Convention Center • Providence, Rhode Island
Driving value through integrated energy retrofits
Session: Operation Strategies
Crissy Haley, LEED EB:O&MVice President
Jones Lang LaSalleAugust 10, 2016
Energy Exchange: Federal Sustainability for the Next Decade
Integrated Energy Retrofit
2
The best way to
improve the energy efficiencyof a building is by taking a holistic approachto energy projects and financial measures
to achieve an optimal result.
Energy Exchange: Federal Sustainability for the Next Decade3
Steps to Success
Energy Exchange: Federal Sustainability for the Next Decade
• Benchmarking• Set up Energy Star Portfolio Manager account
• Capital Budget Review• Review current capital projects• Review timing and priorities• Sort projects by energy impact potential
• Energy Study• Engage qualified engineer to review all aspects of building energy
consumption
• Baseline Energy Model• When considering multiple projects at once, create energy model
(eQUEST, Trane Trace, etc.) against which potential projects can be compared
4
Identify Opportunities
Energy Exchange: Federal Sustainability for the Next Decade
• Develop Scope of Work• Interview potential vendors• Conduct a site walkthrough• Request preliminary proposal
• Quantify Potential Savings• Energy Model‐ if evaluating multiple ECMs, model will help create optimal packages.
• Energy Analysis‐ if evaluating one measure, it may not be worth it to pay for a model. Alternatively, work closely with vendor to determine how savings were derived.
5
Evaluate Savings
Energy Exchange: Federal Sustainability for the Next Decade
• Develop Turnkey Pricing• Identify potential installers who will work with manufacturer
• Request proposal, level bids and interview bidders
• Confirm Warranties• Labor and material
• Verify Incentives • Assume the minimum. Some incentives are difficult to capture as they require coordination between different groups (CRES, accounting, etc.)
6
Evaluate Costs
Energy Exchange: Federal Sustainability for the Next Decade
• Balance Financial Return and Energy Savings
• Building Valuation Calculator
• ECM Cash Flow Calculator
• Financing• Power Purchase Agreement (PPA)• Operating Lease• Energy Performance Contract• Cash Purchase
7
Develop Business Case
Energy Exchange: Federal Sustainability for the Next Decade8
Develop Business Case
Energy Exchange: Federal Sustainability for the Next Decade9
Develop Business Case
Energy Exchange: Federal Sustainability for the Next Decade10
Real Estate Financial Analysis
Direct Capitalization for Valuation
V = NOI1 / R0
V is valueNOI1 is the projected income over the next 12 monthsR0 is the capitalization rate.
Energy Exchange: Federal Sustainability for the Next Decade
• Create drawings and specifications• Finalize budget• Establish schedule• Award• Oversee installations, process changes, training and project commissioning
11
Implement
Energy Exchange: Federal Sustainability for the Next Decade
• Measure and Verify• Benchmarking• Annual Model Reconciliation• IPMVP
12
Measure Success
Energy Exchange: Federal Sustainability for the Next Decade
• Engagement at landlord tenant occupant levels
• Start with a general awareness campaign establishing goals and priorities
• Develop a Green Council• Highlight Success Stories
13
Stakeholder Engagement
Energy Exchange: Federal Sustainability for the Next Decade
Thank you
Crissy HaleyVice PresidentJones Lang [email protected]
14
Final Notes