Chicago Benchmarking & Energy Cost Disclosure

1. Chicago Benchmarking & Energy Cost Disclosure Renewable Cities Learning Forum May 19, 2017

2. Reach of the Benchmarking Ordinance necessitated a diverse group of stakeholders at the table • 2,695 total reporting buildings, including 100+ voluntary reporters • 733 million square feet of space in reporting buildings • Reporting buildings represent ~23% of citywide energy use • All neighborhoods have at least 1 reporting building, and 87% have 5 or more

3. Track & reporting is associated with energy reductions

4. Partners lead support and technical assistance Chicago Energy Benchmarking Help Center • From 2014-2016 : Over 10,000 Help Center Interactions • In 2016: Over 182 hours of phone support and over 500 hours of email/webform support Energy Benchmarking Help Center, operated by Elevate Energy Free Trainings and Drop-In Assistance • From 2014-2016 : 40 free trainings, led by local volunteers • In 2016: Six free drop-in help sessions Pro-Bono Data Verification Program • From 2014-2016 : Over 100 property participants • 45 specialized volunteers have provided free support A pro-bono data verification team.

5. Energy Cost Disclosure History Partners • “Heat Disclosure” required since 1987 – consumer protection • Ordinance updated in 2013 • Allowed for electronic information • First and only jurisdiction to have energy cost and energy use data into real estate listings in the United States • Why? • Better consumer information • Total cost of information • Cut paperwork

6. What a Listing Looks Like

7. What a Listing Looks Like

8. Seeing trends on uptake • 13% of listings used automated system • 73/77 neighborhoods had ≥1 listing • Attached homes: additional $4,576 in sales price

9. Lessons/What’s Next • It helps to have an old ordinance • This is a political exercise • What are the co-benefits? • Real estate cycles are long & disaggregated • Next Steps • Realtor Survey • 2016 data analysis Source: 2015 American Community Survey