Popescu, Daniela and Bienert, Sven and Schuetzenhofer, Christian and Boazu, Rodica (2012) Impact of energy efficiency measures on the economic value of buildings. APPLIED ENERGY, 89 (1). pp. 454-463. ISSN 0306-2619,
Full text not available from this repository. (Request a copy)Abstract
A main objective of energy policies is to make all levels of the society, from governments to citizen, interested in increasing the energy efficiency of buildings. One of the most important barriers in implementation of energy policies is that the cost of potential energy savings, typically considered being the only financial benefit, does not sufficiently motivate investments. The target is therefore to identify further possible drivers pushing positive reaction according to energy saving action. The paper discusses whether a market-based instrument, capturing the increase of the economic value of energy efficient buildings, can be also used. Methods that quantify the added value due to energy performance, including recommendations on how they can be incorporated in the financial analysis of investments in weatherization, are developed. By applying the proposed methods, the payback period of investments in energy efficiency measures depends on two factors: potential energy savings and the added value to the property. Case studies on some existing condominiums from Romania are analyzed and provide evidence to the research question. The market sensitivity to energy efficiency measures, the possibility of an intangible added value as well as the impact to financial investment decisions is subsequently in the focus. (C) 2011 Elsevier Ltd. All rights reserved.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | CONSERVATION MEASURES; DETACHED HOUSES; SAVING MEASURES; Energy policy; Energy efficiency measures; Sustainable buildings; Energy costs; Financial analysis; Property value |
| Subjects: | 300 Social sciences > 330 Economics |
| Divisions: | Business, Economics and Information Systems > Institut für Immobilienenwirtschaft / IRE|BS > Kompetenzzentrum für Nachhaltigkeit in der Immobilienwirtschaft (Prof. Dr. Sven Bienert) |
| Depositing User: | Dr. Gernot Deinzer |
| Date Deposited: | 25 May 2020 12:17 |
| Last Modified: | 25 May 2020 13:42 |
| URI: | https://pred.uni-regensburg.de/id/eprint/19661 |
Actions (login required)
 |
View Item |
