For the Press
IMT staff are nationally recognized experts in the following areas:
- Energy efficiency in buildings: economic and environmental costs of less-efficient buildings; local, state, and federal policies to improve efficiency; measuring the efficiency of the country's building stock; buildings' efficiency in the U.S. compared to other countries
- Building energy benchmarking (or rating) and other building-performance measures in city & state policy
- Building codes: code development, adoption, and especially compliance/enforcement
- Energy efficiency finance: commercial and residential
- Green leasing and the problem of the "split incentive" between owners and tenants
Building energy benchmarking (or rating), and other building-performance measures in city & state policy
The SAVE Act, a bill introduced by U.S. Sens. Michael Bennet (D-Colo.) and Johnny Isakson (R-Ga.) that would adjust federal mortgage underwriting practices to account for a borrower's expected energy costs, creating benefits for buyers of efficient homes and spurring green-home construction.
Building codes and energy efficiency
Recent IMT research findings
The study finds that default risks are on average 32 percent lower in energy-efficient homes, controlling for other loan determinants. This finding is robust, significant, and consistent across several model specifications. A borrower in an ENERGY STAR residence is also one-quarter less likely to prepay the mortgage. Within ENERGY STAR-rated homes, default risk is lower for more energy-efficient homes.
Source: Home Energy Efficiency and Mortgage Risks (UNC Center for Community Capital and IMT)
The SAVE Act would create 83,000 jobs and $1.1 billion in consumer energy bill savings in 2020, according to an analysis by IMT and the American Council for an Energy-Efficient Economy (ACEEE).
A national building energy benchmarking (rating) and energy-data disclosure policy would create 59,000 jobs and save $18 billion in energy costs by 2020, according to an analysis by IMT and the Political Economy Research Institute at the University of Massachusetts, Amherst.
Each dollar spent on energy code compliance achieves $6 in energy savings. Full funding of compliance efforts will eventually save American consumers $10.2 billion annually while improving air quality and home comfort.