Case Study Series Demonstrates Value of Energy Efficiency Retrofits
New series shows widespread opportunity to gain financial and property value benefits
WASHINGTON — Nearly five years ago the large-scale energy efficiency renovation of the Empire State Building in New York City captured the attention of both energy efficiency advocates and the building industry. The $1 billion project was projected to save 38 percent of the iconic building’s energy and $4.4 million in energy costs annually.
Valuing Energy Efficiency, a new series of case studies from the Institute for Market Transformation (IMT), shows that building owners across the United States do not need a building or budget the size of the Empire State Building to gain significant energy and cost savings from energy efficiency retrofits. And, in fact, addressing energy efficiency in a wider range of building types, such as smaller mixed-use office buildings, laboratory and educational spaces, affordable housing, and manufacturing spaces, is a critical step to achieving major energy savings across the U.S.