In the United States, renters searching for homes almost never know the energy costs they will have to pay in their new residences. Considering nearly a third of renters pay more than 10% of their annual income on energy bills, this information can be critically important. Fortunately, there is a clear solution: energy efficiency labels that provide key details about a building’s energy performance. For example, the Department of Energy’s Home Energy Score and Building Energy Asset Score can be used to rate and label buildings on a scale of 1 to 10. Several leading nonprofits, social enterprises, and local governments are working to require energy labels for rental properties in their areas to enable renters to make informed decisions and motivate building owners to make efficiency upgrades.
Join us to learn the findings from ACEEE’s new behavioral science–informed experiment exploring how renters respond to energy efficiency information in rental listings. We will share insights on the types of labels that are most effective and how much renters are willing to adjust their rent for improvements in efficiency.
Participants will learn about the results of a complementary experiment conducted with real users on the RentLab platform. Jacqui Bauer, CEO of RentLab, will discuss the results and give a brief overview of the company's efforts to provide efficiency and sustainability information on rental housing in several demonstration cities. Luke Hollenkamp, from the City of Minneapolis, will describe how his city is implementing a new mandate to disclose energy information on rental listings.
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