Energy efficiency retrofits could produce $1 trillion in savings for the US
Investments in energy efficiency retrofits for buildings could yield more than three times their value—or about $1 trillion in energy savings in a decade, according to new research from Deutsche Bank and The Rockefeller Foundation. The new report, "United States Building Energy Efficiency Retrofits: Market Sizing and Financing Models," says that $1 trillion of savings would result from $279 billion of spending on retrofits of residential, commercial, and institutional buildings in the United States.
Obtaining financing for retrofits has proven to be the biggest barrier to broader market adoption. The new report, called the "United States Building Energy Efficiency Retrofits: Market Sizing and Financing Models," seeks to address that issue by outlining four emerging mechanisms—energy service agreements, PACE financing, on-bill energy efficiency tariffs, and on-bill energy efficiency loans—as well as other more established financing methods.