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California AB 1103 Energy Disclosure Law Goes Into Effect July 1, 2013

California's commercial building energy disclosure law, AB 1103, will go into effect July 1, 2013

California’s commercial building energy disclosure law, AB 1103, will go into effect July 1, 2013.

The law requires commercial building owners to disclose a building’s historical energy usage prior to selling, leasing, or financing the asset. This will turn into one more third party report a commercial building owner needs to get a deal done. If done well, buyers will gain a better understanding of the building that they are buying. Perhaps market forces will reward more energy efficient buildings.

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