Peabody Properties: Energy performance

Energy Performance
Average Annual % Improvement2.1%
Equivalent Cumulative % Improvement 12%

Better Buildings Challenge Partners commit to decrease portfolio-wide source energy use intensity (EUI) and to increase the percent improvement compared to a set baseline. Since 2011, Peabody Properties has improved energy performance by an average of 2.1% each year. This is equivalent to a cumulative improvement of 12%, accounting for the varying lengths of time properties were included in Peabody Properties’ portfolio. During the past several years, Peabody Properties, Inc., has secured more than $20 million in zero-cost property upgrades by researching and capitalizing on various utility and state-funded energy conservation programs. These upgrades include lighting retrofits, weatherization work and large scale HVAC projects; most recently completing a $1.2 million dollar LEAN-funded boiler upgrade at a large property in the City of Boston and a $580,000 weatherization project at a large scattered site in Springfield, Ma. In recent years, they’ve partnered with Mass Save to install variable speed drives in boiler rooms throughout their portfolio to further increase their energy savings. To stay on top of their energy usage outside of these projects, Peabody Properties places a huge emphasis on water conservation and looks to perform water retrofits at every opportunity possible. 


Multifamily property owners often face challenges in gathering whole building data for properties with large numbers of individual tenant-paid utility accounts. Through the Better Buildings Challenge, partners can demonstrate progress towards their savings goal by reporting two types of data: (1) whole-building energy use, including tenant-paid utilities, for at least 30 percent of their portfolio; and (2) owner-paid receipts (common areas only) for the remaining share of their portfolio. Peabody Properties' portfolio consists of 258 properties and more than 11 million square feet, with whole-building data (both tenant-paid and owner-paid receipts) available for 43% of their portfolio.

Peabody Properties

This graph breaks out the portfolio's energy performance for properties with whole building energy use vs those with owner-paid receipts. Peabody Properties has achieved 2.2% savings in properties with whole-building data and 2.1% in properties with owner-paid receipts. 


Looking at the percent improvement in energy performance across all facilities can provide insight into how an organization is saving energy.  Peabody Properties has achieved energy performance improvement of greater than 6% at 160 of its properties. There are 47 properties that have experienced an increase in Source EUI. These properties have been targeted for future energy efficiency improvements.


Property-level energy performance metrics, including EUI and percent improvement to date, are critical to track progress over time and identify opportunities for additional energy savings. Peabody Properties' portfolio consists of properties with a wide range of baseline EUI values, most of which are from 0 to 150 kBtu/sq. ft. The majority of properties have shown energy improvement since 2011. The properties located near or below the 0% axis may present good opportunities for further savings.