Automated Energy Model
Home Energy Cost, Emissions and Energy Burden Modeling For Large Portfolios of Real-Estate Assets
Automated estimates of home energy costs, consumption and emissions are a powerful tool for a number of stakeholders. For example, side-by-side comparisons of home energy costs can help homeowners looking to purchase a home understand the costs of the largest home expenditure after mortgage repayment. This approach provides transparency into residential energy performance at a scale which is not possible with home energy audits. For lenders, estimates of home energy costs in a portfolio of residential mortgages provides insights into energy burden and mortgage repayment risk while estimates of emissions facilitates climate disclosure.
ClearlyEnergy is the owner and developer of the Automated Energy Model used by key participants in the finance and real-estate industries. The ClearlyEnergy model is used in labelling programs such as the Vermont Home Energy Profile and by key lenders and mortgage backers seeking to understand risks in their portfolio. More detail about ClearlyEnergy's automated energy model can be found here
Virtual and automated Energy Models can increase energy affordability and understanding by leveraging public data to provide fast and free energy estimates for all homes. Instead of the select few who undergo on-site assessments, all homeowners have the opportunity to more holistically understand their home’s full operating costs and then access to resources and recommendations to lower their energy bills and improve the healthiness and comfortability of their homes.
In a study of Automated Energy Models, the Rocky Mountain Institute concludes that AEM estimates for homes provide sufficiently accurate information in the following cases:
