2018
DOI: 10.1016/j.enbuild.2017.12.013
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Value impacts of energy efficiency retrofits on commercial office buildings in Toronto, Canada

Abstract: The intent of this thesis is to strengthen the business case for sustainable building in Canada by studying the relationship between building energy efficiency and value. This is accomplished through detailed examination of four Toronto commercial office building retrofit case studies with quantitative pre-and post-retrofit energy and financial data. The income capitalization approach to building appraisal is adopted as a model for linking sustainability to value through net operating income. The results sugge… Show more

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Cited by 29 publications
(35 citation statements)
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“…Retrofit of office buildings in Italy was found to reduce the primary energy by at least 40% [24]. Retrofit energy saving in four existing class A commercial office building downtown Toronto in Canada reached 0.9% to 18% energy saving with LEED and BOMA certification [25]. Energy retrofit measures allowed 29-31% electricity saving and 19-32% natural gas saving in low-rise office building in Edmonton, Ottawa and Vancouver [12].…”
Section: Introductionmentioning
confidence: 98%
“…Retrofit of office buildings in Italy was found to reduce the primary energy by at least 40% [24]. Retrofit energy saving in four existing class A commercial office building downtown Toronto in Canada reached 0.9% to 18% energy saving with LEED and BOMA certification [25]. Energy retrofit measures allowed 29-31% electricity saving and 19-32% natural gas saving in low-rise office building in Edmonton, Ottawa and Vancouver [12].…”
Section: Introductionmentioning
confidence: 98%
“…That has become possible owing to the numerous federal and regional programmes providing grants, credits, and financing to stimulate the implementation of energy-saving technologies. However, currently, the priority of Canadian government is shifting from direct financing and crediting to the programmes stimulating dissemination of information concerning the data, tools for their analysis, and demand control programmes being financed by power corporations and supported by regional bodies of state authority (Carlson & Pressnail, 2018;Maiorano, 2018;Maiorano, 2019).…”
Section: Best Available Techniques Of the Developed Countriesmentioning
confidence: 99%
“…Some argue that the potential to address climate change by green technology is underestimated. Action is needed both in new construction and deep energy retrofits in existing buildings [2][3][4][5]. It is especially important in Canada where the building sector accounts for 12 percent of overall greenhouse gas (GHG) emissions [6].…”
Section: Introductionmentioning
confidence: 99%