In our last major release of the year (a total of 8), we’re proud to introduce Energy Use Intensity in TestFit, thanks to our integration with cove.tool. I have been working in the apartment industry for six years now, and in this time there has been little effort to analyze energy usage for this commodity building type. As global climate issues become more commonplace, this KPI will become as important as NRSF & yield-on-cost.
What is EUI and why does it matter? Energy Use Intensity helps our industry understand the operating costs of a future building. Energy costs are rising and focus on operational carbon is only increasing. Adding EUI to the feasibility stage will make sure that energy consumption is part of the calculus for all development projects, even commodity buildings. Furthermore, understanding EUI is increasingly mandated on certain types of projects. So as an industry, let’s get ahead of the ball, when critical financial decisions are made: during feasibility.
We’re hosting a webinar to kick this off next Tuesday, December 7th at 2pm CST, or read on for more resources.