Evaluation of energy performance indicators and financial aspects of energy saving techniques in residential real estate

The energy consumption in the existing residential building stock accounts for about 40% of the total energy consumption in the built environment. Different types of energy performance indicators to assess the energy consumption of buildings were and still are internationally under development. In this paper we compare the methodologies and accuracies of three Dutch energy performance indicators by applying them to eight houses. This application shows that the actual domestic energy use is linearly correlated with the estimated energy consumption given by the energy performance indicators, but 7-25% lower. Based on the energy performance indicators and actual energy use, we offer a methodology to incorporate additional revenues within the financial analysis of energy saving techniques. These revenues are related to the value of the dwelling in which the techniques are installed. We use the same houses to analyse the financial returns on energy saving investments. By assigning the value increase of real estate to two popular specific energy saving techniques, namely wall and roof insulation, it is found that the payback period could be 40-50% shorter than when it is solely based on investment costs and energy prices. (C) 2009 Elsevier B.V. All rights reserved.