Greenbanc To Move Headquarters To California
Leading home energy advisor positions operations at the forefront of building energy efficiency policy in America
Colchester, VT, June 13, 2017
Greenbanc, a leading provider of Home Energy Scores, announced today that it will transition its corporate headquarters to Berkeley, California starting June 15, 2017. Since beginning operations in Vermont a year ago, Greenbanc has provided a total of 55 Home Energy Scores, establishing itself as the most experienced provider in Vermont. Through innovative partnerships with Green Mountain Power and The Alchemist, the company has sought diverse customers including homeowners who have not previously received a home energy analysis either because of cost or other constraints. The Home Energy Score allows an analyst to leverage building science data modelling to collect building facts and provide useful recommendations in less than half the time of a comprehensive building audit.
“With support from Green Mountain Power and the Department of Energy, Greenbanc has gained valuable experience in providing Home Energy Scores to homeowners to help them find attractive investment opportunities within their own four walls” said North Lennox, founder and CEO of Greenbanc. “I’m excited to apply this knowledge in Berkeley, California. Berkeley is both the birthplace of the Home Energy Score building science algorithm and the first city in the country to make Home Energy Scores mandatory whenever a home is bought or sold. It offers the policy support needed to engage with homeowners and help them realize the investment opportunity that exists to improve home energy performance with innovative materials and all-electric systems.”
In addition to Berkeley, Portland, Oregon passed an ordinance earlier this year making residential energy performance and disclosure mandatory in the city starting in 2018. Portland is using the Department of Energy’s Home Energy Score methodology in its program. While the cities of Berkeley and Portland are leaders on building energy efficiency policy in the United States, home energy labeling has been mandatory in many countries in Europe for decades, with the European Union adopting mandatory building energy labels in 2010. Requiring building energy labels is a proven strategy to catalyze improvements in energy efficiency.
While transitioning Greenbanc from its current home at Green Mountain Power’s InspireSpace in Colchester, Vermont, Greenbanc remains active in supporting the pilot program of the Vermont Home Energy Profile and efforts to expand home energy labeling in Vermont. Vermont has a long-term goal to acquire 90 percent of needed energy from renewables by 2050 and a robust building energy labeling program will be an important tool to achieve that goal. According to the state’s estimates, there are approximately 80,000 buildings in Vermont with structural and system improvements that have a positive net present value.
“I want to thank all of the people who have been supportive of building energy labels and innovation in Vermont, specifically the team at Green Mountain Power,” said Lennox. “It’s the individuals who cultivate a culture of cooperation and collaboration around renewable energy that give me confidence that Vermont will meet its goals.”
Greenbanc is a Certified B Corporation and has a commitment to a positive environmental and social impact. The company’s new office is located at 1321 Eighth Street Suite 2, Berkeley, CA 94710, and will open on July 1, 2017.