Lenders want better data to fund more green building retrofits
The CEO of Pittsburgh’s Green Building Alliance says lenders want better data to justify loans for green building retrofits. “Right now we need more data because we don’t have what we need for you to walk into the bank for a building loan and say, ‘if I do this it will save $1,000 on our utilities,’” says Mike Schiller, CEO of Pittsburgh’s Green Building Alliance.
Schiller says he is working on creating more financing options for sustainable building. Improved solar and insulating products should come on line as well, which will help to reduce expenses and make retrofits more attractive, he says.
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