How do office buildings take advantage of energy efficiency? A study of the relationship between operating expenses and energy certification
by Nikodem Szumilo
International Journal of Environmental Technology and Management (IJETM), Vol. 18, No. 2, 2015

Abstract: This research examines the relationship of operating expenses and energy certification in US offices. Data for four markets over a period from Q1 2007 to Q1 2011 is used. EnergyStar certification scores are used to determine the level of energy efficiency and a hedonic pricing method to model operating expenses. The results indicate a positive but non-linear relationship between costs and efficiency. Out of a number of considered explanations this seems to be best explained by initial technological difficulties in implementing energy efficiency, a self-selection bias influencing the data or a combination of different effects.

Online publication date: Wed, 06-May-2015

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