it is my opinion that if the building is considered a "renovated building" defined as; estimated costs exceed 30% of assessed value of the structure, (see R101.4.2 and Definitions in chapter 2) then the replacement fenestration products need to meet a maximum SHGC of .25 and a maximum U factor of .40 for a building in climate zone 2 (see Table 402.1.2 note a.) if it is an existing building and not considered a renovated building then it is exempt from the provisions of the Energy Code
I want to say YES, but the code language has changed since the FBC Binding Interp. was done. (Which I could not find). I still want to say yes, due to the full replacement and that this chapter is on existing buildings.
However, we go back to the definition of "renovated" and 30% it makes me hesitate. So I will allow this comment to stay and let others put their two cents in.