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Incentives through Transparency: European Rental Housing Framework for Profitability Calculation of Energetic Retrofitting Investments

Objective

The current level of energy efficiency investments in the rental housing sector is in danger of missing EU policy targets. RentalCal aims to develop models and tools for assessing the commercial viability of energy efficiency retrofitting in the rental housing stock. This will reduce split incentive barriers, price in green added value and show a clear road map towards a sustainable housing stock. In particular, RentalCal seeks to make the following key contributions:
1. Develop the first commercial viability assessment framework for energy efficiency refurbishments specifically for rental housing
Although rental housing represents the majority of Europe’s multifamily housing stock, current viability calculation methods for energy efficiency retrofits are geared towards owner occupiers and ignore some inherent characteristics of the specific national rental market such as split incentives, rental regulations, tax regimes etc. RentalCal will develop an innovative standardised methodology for assessing retrofits in the private rental housing sector.
2. Increase the transparency of investment conditions in the EU housing industry
RentalCal will provide transparent information on the viability of energy efficiency investments based on legal, technical and financial conditions in eight participating member states. The standardised framework will allow for a transparent comparison of investment conditions in the EU, help to remove investment barriers in national housing markets and stimulate cross-border investment activity.
3. Disseminate key insights into the 'Green Value' proposition to specific target groups
RentalCal will provide rental property investors with target group specific information regarding the viability of a proposed retrofit investment. This includes the valuation benefits of energy-efficient buildings as well as other indirect financial benefits. All information will be available on RentalCal’s web based calculation and information platform.

Field of science

  • /social sciences/economics and business/business and management/commerce
  • /social sciences/sociology/governance/taxation
  • /engineering and technology/environmental engineering/waste management/energy efficiency

Call for proposal

H2020-EE-2014-3-MarketUptake
See other projects for this call

Funding Scheme

CSA - Coordination and support action

Coordinator

INSTITUT WOHNEN UND UMWELT GMBH
Address
Rheinstrasse 65
64295 Darmstadt
Germany
Activity type
Research Organisations
EU contribution
€ 380 797,50

Participants (10)

EUROPEAN GREEN CITIES APS
Denmark
EU contribution
€ 157 775
Address
Norsgade 17
8000 Aarhus C
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
STU-K AS
Czechia
EU contribution
€ 127 506
Address
Salvejova 8
106 00 Praha 106
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
DELPHIS DEVELOPPEMENT ETUDES POUR LE LOGEMENT LA PROMOTION DE L'HABITAL'INNOVATION ET LE SOCIAL ASSOCIATION
France
EU contribution
€ 168 698,75
Address
Rue Saint Augustin 33
75002 Paris
Activity type
Research Organisations
NARODOWA AGENCJA POSZANOWANIA ENERGII SA
Poland
EU contribution
€ 106 812,50
Address
Swietokrzyska 20
00 002 Warszawa
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
UNIVERSITAET REGENSBURG
Germany
EU contribution
€ 257 682,50
Address
Universitatsstrasse 31
93053 Regensburg
Activity type
Higher or Secondary Education Establishments
UNIVERSIDAD DE ALICANTE
Spain
EU contribution
€ 114 687,50
Address
Campus De San Vicente Raspeig
03690 Alicante
Activity type
Higher or Secondary Education Establishments
THE CHANCELLOR MASTERS AND SCHOLARSOF THE UNIVERSITY OF CAMBRIDGE
United Kingdom
EU contribution
€ 254 833,75
Address
Trinity Lane The Old Schools
CB2 1TN Cambridge
Activity type
Higher or Secondary Education Establishments
KARLSRUHER INSTITUT FUER TECHNOLOGIE
Germany
EU contribution
€ 162 462,50
Address
Kaiserstrasse 12
76131 Karlsruhe
Activity type
Higher or Secondary Education Establishments
TiasNimbas Business School B.V.
Netherlands
EU contribution
€ 193 993,75
Address
Warandelaan 2
5037 AB Tilburg
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
AALBORG UNIVERSITET
Denmark
EU contribution
€ 71 516
Address
Fredrik Bajers Vej 7K
9220 Aalborg
Activity type
Higher or Secondary Education Establishments