At the recent IEE European Info day, Energy Performance Certification was highlighted once again as a driver for step by step renovations of the existing building stock. The linkage is simple: EPC will influence the rental prices for buildings, whether residential or professional. It is therefore in the benefit of owners to invest in improving the energy performance of their buildings, in order to be able to maintain reasonable rental prices.
The current economic situation in Europe does not sound ideal for investments. Yet with construction in a downward trend in many EU countries, attention should be redirected to the existing buildings, creating significant needs and opportunities for retrofitting. Within this context, the European EPC framework provides an objective basis for owners' decisions on investing in building renovations. Moreover, it provides opportunities for third-party financing of such work, i.e. via energy performance contracting.
Other collaborative models may come into play: the Deutsche Bank Americas Foundation recently published a report outlining a rationale and methodology for capital lenders to underwrite loans against fuel savings projections.