Small to medium sized buildings make up the vast majority of buildings. Many existing buildings are inadequately insulated, use outdated, inefficient HVAC technologies, and have poorly functioning control systems. This poses a pressing renovation need, notes BSRIA, and also a host of new business opportunities.
Eligible Companies Can Receive Financial Incentives Worth up to 50 Percent of Project Costs
October 27, 2014
The Ontario Power Authority (OPA) has announced updates to the saveONenergy Retrofit Program that provide additional financial incentives for Ontario businesses to reduce energy used by lighting, HVAC systems, refrigeration systems, and building plug loads.
Regardless of the motivation, whether it’s to save the environment or save money, energy efficiency retrofits represent a rapidly growing market. According to a new report from Pike Research, this global market will expand from $80.3 billion in 2011 to $151.8 billion by 2020.