ENERGY STAR for Multifamily
ENERGY STAR® for Multifamily
Track energy and water over time to find out how they impact a multifamily property’s bottom line.
Why track energy and water?
Tracking a multifamily property's energy and water costs and consumption is the first step to uncovering waste and unnecessary expense.
Benchmarking is the process of tracking energy and water costs and consumption over time at the property. Key metrics computed through benchmarking are Source Energy Use Intensity (EUI) and the ENERGY STAR® Score for energy use, and Water Use Intensity (WUI) and the EPA Water Score for water use. Benchmarking allows owners and managers to identify issues and plan capital improvements to enhance property performance.
ENERGY STAR® Score and EPA Water Score for Multifamily
To help multifamily properties reduce energy and water costs and to minimize negative impacts to the environment, Fannie Mae Multifamily partnered with the U.S. Environmental Protection Agency to create the 1 to 100 ENERGY STAR Score for Multifamily and the 1 to 100 EPA Water Score for Multifamily. As a result of Fannie Mae's 2012 nationwide survey of over 1,000 multifamily properties, the US EPA launched the ENERGY STAR Score for Multifamily in September 2014. The launch of the EPA Water Score for Multifamily followed in October 2017.
What must you submit?
If your property is required to report Energy Performance Metrics (EPMs) to Fannie Mae, you must submit the following six data points that describe the energy and water performance at the property:
- Portfolio Manager ID
- ENERGY STAR Score
- Source Energy Use Intensity
- EPA Water Score
- Water Use Intensity
- Score Date
Please refer to the 2018 How To for BORROWERS -- Submit Energy Performance Metrics for details on how to obtain and submit this data.
Who must submit Energy Performance Metrics to Fannie Mae?
Your property is required to submit 2017 EPMs to Fannie Mae in 2018 if your property is either:
- Financed with a Green Rewards Mortgage Loan, a Green Preservation Plus Mortgage Loan, or a Mortgage Loan secured by a property with an eligible Green Building Certification Pricing; or
- Required to benchmark by city or state law.
Which cities require energy benchmarking?
In 2018, the following jurisdictions require certain multifamily properties to report their 2017 ENERGY STAR Score:
- Atlanta, GA
- Berkeley, CA
- Boston, MA
- Cambridge, MA
- Chicago, IL
- Denver, CO
- Evanston, IL
- Kansas City, MO
- Los Angeles, CA
- New York, NY
- Orlando, FL
- Philadelphia, PA
- Portland, ME
- Seattle, WA
- South Portland, ME (Mill Creek area)
- St. Louis, MO
- Washington, D.C.
Please go to each jurisdiction's website to determine the size of the multifamily property required to report. Additional jurisdictions will be added as legislation is approved or the required reporting period becomes effective.
Fannie Mae will disclose a property's ENERGY STAR Score and Source Energy Use Intensity (EUI) if the Property is subject to a local benchmarking law.
Owners are now able to benchmark their multifamily Property in ENERGY STAR® Portfolio Manager®, a free, online tool, and to receive an ENERGY STAR certification if the Property's score is 75 or greater.
How to submit Energy Performance Metrics
To submit Fannie Mae's EPM Reporting Requirements for the 2017 calendar year:
- Enter energy, water, and property data into ENERGY STAR Portfolio Manager.
- Generate 2017 Fannie Mae Energy Performance Metrics (EPM) Report.
- Submit EPM report(s) to your Servicer(s) by your Servicer's deadline.
For detailed instructions, see:
- 2018 How To for BORROWERS -- Submit Energy Performance Metrics
- 2018 How To for BORROWERS -- Submit Energy Performance Metrics (FAQs)
See also: ENERGY STAR Buildings FAQs, or contact your city for additional resources on energy reporting.