Building Energy Resource Hub 180 N. LaSalle St. #2210 Chicago, IL 60601 info@buildinghub.energy
The Building Energy Resource Hub is a project of Illinois Green Alliance.
EIN: 75-3098915
This section will help you establish a business-as-usual case for ongoing maintenance, equipment replacement, and retrofits. This is the baseline cost estimate against which you will compare building decarbonization upgrades and activities needed over the next 10 to 20 years.
The timeframe that you use will depends on your desired timeline for decarbonization, as well as the time period over which you evaluate financial investments. Establishing a business-as-usual baseline will allow you to accurately assess the actual costs and benefits of your decarbonization strategy.
First, you’ll want to conduct a capital needs assessment or include scope as part of a GHG Emissions Audit to forecast your facility’s capital needs during the next 10-20 years. Starting your plan at this phase helps you minimize the total cost of the decarbonization improvements as well as the lifecycle costs of maintaining and operating your building.
Before starting the capital needs assessment, you may consider several questions:
Any or all of these questions can help you pinpoint timely decarbonization opportunities in the investment plan for the building.
Who could do this work?
You’ll likely need a multidisciplinary team to establish an accurate business-as-usual case or capital needs assessment. You’ll want folks who are aware of financial considerations such as utility payments, maintenance expenses, and capital plans along with someone to assess the state of your facility and document the timeline and costs to replace equipment as it reaches the end of its useful like. This team may consist of the building owner, key financial stakeholder(s), building facilities staff, capital needs assessment (CNA) provider (architect, CNA specialist, engineering firm, or energy specialist).
The U.S. Department of Housing and Urban Development (HUD) provides an overview and tool for conducting a Capital Needs Assessment which can be used as a primer for establishing a business-as-usual case.
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Mailing address:
180 N. LaSalle St. #2210
Chicago, IL 60601
The Building Energy Resource Hub is a project of Illinois Green Alliance.
EIN: 75-3098915