How Will New Jersey's Energy Master Plan Affect Commercial Property Owners?

March 13, 2009
Brett Slensky
Mid Atlantic Real Estate Journal

First, the Energy Master Plan (EMP) proposes to dramatically redesign the state's current energy efficiency programs to more effectively target the state's existing commercial building stock. For this market segment, the EMP estimates that a 30 percent energy savings at six in ten large private sector buildings, an average 50 percent energy reduction in seven in ten existing large commercial tenant spaces and a 25 percent energy reduction in all new and renovated office space in New Jersey, will be required to meet the EMP's 2020 energy consumption goals. Policy and program changes currently under consideration relating to this action item include the adoption of time of sale building energy rating requirements (e.g., the Energy Star Building rating program) and possible mandatory minimum time of sale energy performance standards.

View Document(s):