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More States Forcing Commercial Buildings To List Utility Costs
It's no secret that utility bills make up a large portion of how much money individuals spend each month. However, knowing the cost ahead of time might be able to help some people plan their finances accordingly.
This was the hope when states began requiring commercial buildings to list their utility costs to the public earlier this year, according to USA Today. Many regions are now forcing building owners to cite their expenses and give individuals further insight into what they may be paying if they were to own the structure.
"They give consumers - tenants and investors - access to information they've not had previously," Andrew Burr, author of a report on the regulations by the Institute for Market Transformation, told the news source.
Listing these statistics may also encourage more building owners to make sustainable measures to reduce their carbon footprints.
Homeowners who want to go green can consider installing energy-efficient siding, doors and windows to lower their monthly expenses. Products that have the Energy Star label may also qualify for government tax credits, which can be of value to homeowners as well.
