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Spark is a free, online interactive tool for leased commercial office buildings considering a building renewal project targeting 35% or more energy savings. Spark is an assessment tool, which quickly estimates total project costs and financial benefits of an “integrated package” of efficiency measures. Spark is unique in that it provides a powerful preliminary overview of the integrated project costs and financial benefits of a deep energy retrofit. It lays out a roadmap of measures and a business case for future improvements.
What More Could Your Building Deliver?
Outperform your competition and improve your building's position in the market. A building renewal strategy assesses a building's integrated systems to improve energy usage by 35% or more and achieve a targeted return on investment. Building renewal can reposition a building in the market and increase its asset value through increased tenant comfort, higher rents, lower tenant turn-over, lower energy costs, and savings on operation and maintenance.
The Spark Tool can help you decide if a building renewal strategy is right for your commercial building before you invest time and money for an energy audit. This powerful, free tool is customized to your building and financial position. Spark creates a customized report identifying a set of integrated measures to reposition the building. Spark assesses the business case for renewal by providing project cost estimates and allowing the user to adjust for a targeted return.
After using Spark to identify an integrated measure package for your building, you will need to think about how to fund your project. There are many ways to fund your project and improve your building's asset value. This Financing Primer offers a simple roadmap for the financing available.