Many of you have asked how two new energy laws SB 350 and AB 802 will impact the commercial real estate industry and your buildings.
AB 802 is the bill that allows for below code energy projects and re-writes the mandatory benchmarking statute. BOMA California supported this measure.
SB 350 is the measure that requires that California doubles its energy efficiency. BOMA was neutral on this measure after amendments were taken to clarify the goal and process.
Both of these measures set up a regulatory process that our industry will be active and engaged in. BOMA California members feel confident that if our they work with the CEC and other state agencies charged with implementing these measures that the end result can be very positive for our the commercial real estate industry.