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How do office buildings take advantage of energy efficiency? A study of the relationship between operating expenses and energy certification

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  • Nikodem Szumilo

Abstract

This research examines the relationship of operating expenses and energy certification in US offices. Data for four markets over a period from Q1 2007 to Q1 2011 is used. EnergyStar certification scores are used to determine the level of energy efficiency and a hedonic pricing method to model operating expenses. The results indicate a positive but non-linear relationship between costs and efficiency. Out of a number of considered explanations this seems to be best explained by initial technological difficulties in implementing energy efficiency, a self-selection bias influencing the data or a combination of different effects.

Suggested Citation

  • Nikodem Szumilo, 2015. "How do office buildings take advantage of energy efficiency? A study of the relationship between operating expenses and energy certification," International Journal of Environmental Technology and Management, Inderscience Enterprises Ltd, vol. 18(2), pages 116-135.
  • Handle: RePEc:ids:ijetma:v:18:y:2015:i:2:p:116-135
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    Cited by:

    1. Nikodem Szumilo & Franz Fuerst, 2015. "Who captures the "green value" in the US office market?," Journal of Sustainable Finance & Investment, Taylor & Francis Journals, vol. 5(1-2), pages 65-84, April.

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