Retrofit : Retrofit Volume 2 Issue 2 2013
RETROFIT AUSTRALIA • VOLUME 2 NUMBER 2 2013 • 11 Company Profile | According to Rockefeller Foundation President Judith Rodin, 'Buildings consume approximately 40 per cent of the world's energy, and are responsible for 40 per cent of global carbon emissions.' Not surprisingly, retrofitting existing commercial buildings to achieve energy efficiency represents a rapidly growing market -- in Australia and around the world -- that benefits building owners and tenants, as well as the environment. Building better returns While most energy retrofits occur to satisfy the building owner's need to reduce energy costs -- particularly in light of the carbon tax -- tenants are increasingly looking for green leases as a way of achieving environmental outcomes and adhering to government policies, such as Building Energy Efficient Certificates under the National Australian Built Environment Rating System (NABERS). From a landlord's perspective, green leases are delivering considerable benefits, including lower operating costs, improved reputation and the ability to attract blue-chip or longer-term tenants. Tenants, on the other hand, benefit from reduced energy costs and meeting their environmental objectives. More importantly, green leases offer a way for owners and tenants to work together to achieve desired sustainability. Financing solutions So how do you go about funding energy-efficient retrofits? One way is to take advantage of government incentives and financing solutions. For example, there are local, state and Australian government assistance programs available, including the Community Energy Efficiency Program. In terms of financing, Low Carbon Australia provides solutions and advice to Australian business, government and the wider community. The organisation currently manages the Energy Efficiency Program, providing finance and advice to the private and public sector for the retrofit of non-residential building and industry process upgrades. One of the more innovative financing models available is an environmental upgrade agreement (EUA), a financing agreement between the building owner, financier and local council to fund the retrofits. The first EUA was signed in October 2011 for the City of Melbourne's 1200 Buildings Program. Today, the City of Sydney, Parramatta City Council and North Sydney Council in New South Wales are involved with EUAs. Insulation delivers energy efficiency One of the integral ways to achieve maximum energy efficiency in properties is with insulation. By increasing the insulation value of external walls, you can minimise a building's thermal exchanges and eliminate hot and cold spots in the wall system. It's even more powerful when done in combination with air sealing to ensure that any openings, such as windows, doors or power points, are completely sealed so that air leakage is reduced. Modern exterior insulated panel systems, such as Practica's MasterWall K-Series system, offer an effective solution to achieve a weathertight external building envelope, and can be finished using a range of architectural renders. Apart from superior thermal performance, the benefits to the bottom line speak for themselves. You can expect to save as much as 30--40 per cent in energy costs related to heating and cooling, while enhancing the property's commercial value with superior aesthetics. MasterWall K-Series System is one of the technologies that qualifies for government funding. Powered by Kingspan's Kooltherm® panels and Practica MMC's innovation and technology, MasterWall K-Series is fully compliant with the Building Code of Australia. Find out more While the benefits of energy retrofits are compelling, the capital costs involved still represent a barrier to adoption. That's why it makes sense to pursue government incentives and financing solutions to maximise your return on investment. Call Practica MMC on 1300 791 003 or apply online at www.practicammc.com. au/highperformance to secure your place at an executive meeting with our expert team and discover how you can benefit from turning your commercial property into a high- performance building. * Practica MMC is an Australian company offering a unique range of modern insulating wall construction solutions for residential and commercial projects. Brands include MasterWall, MasterWall Skyline, MasterFloor and MasterWall K-Series powered by Kingspan Kooltherm®. For more information, visit www.practicammc.com.au. Maximise the value of retrofits BY SANDY MCPHERSON, MANAGING DIRECTOR, PRACTICA MMC* MasterWall Skyline's 'capless' parapet system can be used to further enhance the aesthetic of any building.
Retrofit Volume 2 Issue 1 2013
Volume 2 Issue 3 2013-2014