• Non-Residential Building Owners Will be Required to Make  Energy Disclosures Beginning in 2013
  • October 9, 2012 | Author: Evelyn F. Heidelberg
  • Law Firm: Procopio, Cory, Hargreaves & Savitch LLP - San Diego Office
  • If you own a commercial or industrial building in California, you likely will be affected by the implementation of the NonResidential Building Energy Use Disclosure Program (codified as Public Resources Code Section 25402.10). Passed by the California legislature as AB 1103 in 2007, this program requires non-residential property owners to fulfill the following requirements prior to selling, leasing, financing, or re-financing an entire building: (1) owners must open an account on the U.S. Environmental Protection Agency’s Energy Star® Portfolio Manager website and ensure that benchmarking data and ratings from the prior twelve months are uploaded to the account; and (2) owners must disclose energy use reports to prospective buyers, lessees, and lenders prior to entering into a transaction.