Managing energy consumption and implementing energy conservation improvements aligns with MFA’s objectives of reducing operating costs, benefiting our tenants and stakeholders, while also reducing environmental impact. MFA utilizes the U.S. Environmental Protection Agency's Energy Star program, energy management software and periodic energy audits to measure and monitor electricity, natural gas and steam consumption, as well as to ensure continual progress in limiting emissions of greenhouse gases. We replace and upgrade our energy management, building automation systems and environmental sensing equipment to ensure optimal performance. We purchase only Energy Star labeled equipment and appliances and we encourage our tenants to do so as well.
Whenever feasible we install high efficiency lighting in public spaces, corridors, stairways and elevators. We also utilize motion sensors to control lighting in many of our restrooms, garages and back-of-house areas to eliminate unnecessary consumption. Our new developments frequently incorporate features such as solar shades, high performance glass, and photo sensors to control lighting while reducing heat load.
MFA regularly examines the physical condition and performance of base building mechanical systems to determine if systems are operating efficiently, and to determine if modernization programs could save energy or improve building performance, air quality or tenant satisfaction. We frequently invest in capital improvements, including HVAC retrofits, compressor replacements, variable frequency drive retrofits and the installation of heat exchangers to improve building efficiency and performance.