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Retrofits could yield $1T in US energy savings

Post Time:Mar 06,2012Classify:Company NewsView:315


Savvy investments in energy efficiency retrofits for buildings could yield more than three times their value, mounting to about $1 trillion in energy savings in a decade, says new research from

The study released today said that yield would be just one of the returns if $279 billion were spent for retrofits of residential, commercial and institutional buildings in the United States.


In addition to saving about 30 percent of the United States' entire energy spend during the course of a year, completion of the energy efficiency retrofits could reduce greenhouse gas emissions in the country by 10 percent and create 3.3 million job years -- which means the projects could create an estimated 3.3 million cumulative years of employment -- the study said.


Researchers in the building and sustainability fields have been touting the robust returns and benefits produced by energy efficiency retrofits for several years. In 2010, a study forecast that such projects could result in 


Showcase projects aside, obtaining financing for retrofits has proven to be the biggest barrier to broader market adoption of the practice.


The new report, called the "


Source: http://www.greenbiz.comAuthor: shangyi

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