WASHINGTON — A memorandum of understanding was signed on June 10 between the Department of Energy’s Office of Energy and Efficiency and Renewable Energy and the Appraisal Foundation, to establish a series of activities focused on ensuring the current federal appraisal standards are applicable for energy performance and green valuations.
The memorandum with the foundation, a congressionally authorized non-profit organization dedicated to the advancement of professional valuation, also aims to ensure that appraisers are trained in the applications of the standards and applicable recognized valuation methods and techniques.
The purpose of the agreement is to define a broad framework for collaboration between the department and foundation to identify programmatic areas where the parties can leverage the technical capabilities of the department, particularly its Building Technologies Program, and define specific areas that align with both parties’ goals.
The department’s specific projects include: developing a database to aggregate building performance data for particular building types and upgrades, identifying government energy and green building-related policies and programs, and making information available for applicable programs.
Additionally, the department aims to develop an educational course for appraisers on valuing energy performance and sustainability.
The foundation’s contributions will include developing additional guidance on how to apply existing appraisal standards and methods to energy performance and green appraisals, and provide expertise for the Building Technologies Program.