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Gamifying Sustainability: Play to Save, Save to Win

gamification_sustainability

Using gamification to incentivize consumer-level sustainable behavior is a relatively new strategy. It applies classic principals of game playing to encourage green living, offering a challenge, a platform for social competition, and a reporting system that quantifies performance. In an increasingly networked society fascinated with social media and gaming, tracking lifestyle behavior in a way that’s sharable and interactive transforms the mundane into the meaningful. Read more

Recalculating Solar Savings

Ten years ago, seeing a solar electric system on a building was noteworthy. Now they’re popping up everywhere. Lower cost is obviously a big driver of this solar surge; photovoltaic (or PV) system costs have dropped 50-70% in the past 10-15 years. Over the past decade, SWA has helped developers and owners install PV systems on hundreds of buildings. The systems are reliable, they have no moving parts, and they will convert sunlight to electricity for decades.

The cost effectiveness of PV, however, is not always clear. In fact, SWA has seen a concerning trend where the cost benefits of PV are exaggerated. Although costs vary with region and application, installed costs of PV are usually $3,000 – $6,000 per kWSTC.

Then there are incentives, including two key federal programs:

Photovoltaic Panels

  • 30% Federal tax credit
  • Accelerated depreciation (for businesses)

Other incentives vary greatly from region to region:

  • State, local, and utility rebates or credits
  • Sale of Renewable Energy Credits (RECs)

The Database for State Incentives for Renewable Energy (dsireusa.org) has a good summary of these regional incentives. Federal and regional incentives can easily lower PV system costs by 50% — often more.

The final piece in assessing cost effectiveness of PV is the electricity savings. With PV generating electricity for your building, you’ll obviously be paying less to the utility. But how much less? Read more

Fannie Mae Favors Green Multifamily

Fannie Mae recently reinforced their commitment to growing the green multifamily sector with the announcement of a reduction in interest rates for mortgage loans used to finance properties certified through a recognized green building rating system. There’s detailed information available on their website, but here’s a simple breakdown of the initiative using the 5 W’s:

Who: Fannie Mae Multifamily borrowers, developers, designers, and occupants

What: 10 basis point reduction in mortgage loans for multifamily properties certified through a recognized green building rating system (LEED, ENERGY STAR®, Enterprise Green Communities, etc.)

Where: Multifamily projects nationwide

When: Immediate implementation. Through existing green initiatives, Fannie Mae has already financed $130 million in Green Loans to properties with a Green Building certification

Why: Strengthens market for high-performance building design; Reduces financial risk for property owners; Raises property value with high performance upgrades

Visit the overview page for detailed information on Fannie Mae’s entire portfolio of Green Initiatives