What every real property owner should know.
Nicholas A Giannasca is a partner with the law firm of Blank Rome LLP and a co-chair of the firm’s energy and natural resources industry group. He acknowledges the assistance of Carlos E. Gutierrez and Elizabeth A. Stern, both associates at the firm.
For reasons ranging from good corporate citizenship to the desire to enhance the market value of their properties, owners of real property, particularly commercial property, are exploring ways to reduce energy costs and become more efficient consumers of energy. Among the options available to achieve these goals are building retrofits, the installation of energy efficiency measures, and in certain cases, the installation of onsite power, also known as distributed generation (DG) facilities,1 such as photovoltaic (PV) and combined heat and power (CHP) units.