Energy Law Set To Causes Stir in Real Estate Industry
July 12, 2009 2:54 am General, Information
Property owners and landlords are in a rush to comply early with new energy efficiency laws that are set to go in effect next year. The new law would necessitate strict compliance of buildings and building owners regarding the declaration of their overall energy efficiency and the measures they are going to take towards attaining better results. Criminal charges are just some of the penalties foreseen for violations of the new laws and for sure, fines and tax penalties may also follow. The new laws are being criticized as a bad idea due to the fact that they are being so fast-tracked that for sure not many people can comply with them at the desired implementation date. This along with many changes to environmental compliance laws are being fast-tracked to adopt new environmentally friendly laws that would greatly improve the efficiency of buildings, hiled as some of the most inefficient structures the world over.