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Maximum Energy Professional

  • Street: 23440 Hawthorne Blvd, Suite 205 Torrance
  • City: Torrance
  • State: California
  • Country: United States
  • Zip/Postal Code: 90505
  • Listed: November 28, 2015 11:50 am
  • Expires: 9260 days, 22 hours
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Description

As the United State’s population has grown and demand for energy continues to increase it has become more important than ever before to monitor and regulate our energy consumption. Many measures have been taken at the federal, state, and even local levels to increase the sustainability of our metropolitan centers, but few policies compare to the recently enacted California law AB 1103.
The bill was passed by California in 2007 and is now in effect as of January 1st, 2014. If you work in real estate chances are you’ve heard of AB-1103. California’s Assembly Bill (AB) 1103 affects building owners who are looking to lease, finance, re-finance, or sell their entire building. AB 1103 included buildings that are 10,000 square feet and over when it was first enacted, but a stipulation increases the law’s purview to include those 5,000 square feet and over on July 1st, 2016.
AB 1103 is an Energy Benchmarking and Disclosure law and requires building sellers to report on their building’s energy use trends using the ENERGY STAR Portfolio Manager system. ENERGY STAR works by taking into account a building’s type, square footage, gas use, and electricity use to rank users in a percentile-based 1 to 100 point system.

Listing ID: 6556434f8db5b1e

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