Large capital energy investments that are not classified as “major renovations” but involve the replacement of installed equipment (or involves renovation, rehabilitation, expansion, or remodeling) should employ the most energy-efficient designs, systems, equipment and controls that are life cycle cost-effective.
(1) In general—
Each Federal agency shall ensure that any large capital energy investment in an existing building that is not a major renovation but involves replacement of installed equipment (such as heating and cooling systems), or involves renovation, rehabilitation, expansion, or remodeling of existing space, employs the most energy-efficient designs, systems, equipment, and controls that are life cycle cost effective.
(2) Process for review of investment decisions—
Not later than 180 days after December 19, 2007, each Federal agency shall—
(A) develop a process for reviewing each decision made on a large capital energy investment described in paragraph (1) to ensure that the requirements of this subsection are met; and
(B) report to the director of the Office of Management and Budget on the process established.
(3) Compliance report—
Not later than one year after December 19, 2007, the director of the Office of Management and Budget shall evaluate and report to Congress on the compliance of each agency with this subsection.