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.
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.
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:
Your property is required to submit 2017 EPMs to Fannie Mae in 2018 if your property is either:
In 2018, the following jurisdictions require certain multifamily properties to report their 2017 ENERGY STAR Score:
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.
To submit Fannie Mae's EPM Reporting Requirements for the 2017 calendar year:
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.