Lead Performer: Lawrence Berkeley National Laboratory (LBNL) – Berkeley, CA
Partner: Appraisal Foundation – Washington, D.C.
FY16 DOE Funding: $450,000
Project Term: Current – September 30, 2016
Funding Type: Direct Lab Funding

PROJECT OBJECTIVE

LBNL is investigating how to overcome barriers to financing energy efficiency projects, including:

  1. Identifying scalable, energy-related factors in commercial mortgages and related financing instruments. As part of this work, LBNL will partner with financial lenders and building owners to develop and pilot up to two scalable projects. LBNL will then publish the results from these "real-world" pilot programs.
  2. Analyzing residential property-assessed clean energy (PACE) activity in California to determine the performance of mortgages on properties with and without PACE assessments.
  3. Reporting on best practices for appraising "green" commercial properties, which will be published by The Appraisal Foundation.

PROJECT IMPACT

Energy efficiency financing faces several major barriers, including commercial mortgage underwriting and asset management that fail to include the the comprehensive impacts of energy-related factors. This work will lay the foundation for developing scalable options and help enable the spread of energy efficiency projects as building owners and investors can more easily see the financial value of energy efficiency projects. Additionally, the analysis of the PACE activity in California will address the shortage of empirical information on the impact of the the PACE program.

CONTACTS

DOE Technology Manager: Cody Taylor
Lead Performer: Paul Matthew, Lawrence Berkeley National Laboratory

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