Reconstruction & Renovation

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.
Oct. 7, 2013
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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.

(http://newpittsburghcourieronline.com/2013/10/04/schiller-says-building-green-can-save-green/)

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About the Author

Drew Ballensky

Drew Ballensky is general manager of Duro-Last Roofing, Inc.’s central U.S. facility in Iowa and company spokesman for Duro-Last’s cool roofing, sustainability and architectural education programs. He is past-president of the Chemical Fabrics and Film Association and chairman of CFFA’s Vinyl Roofing Division. Drew earned his bachelor’s degree in industrial technology from the University of Northern Iowa and master’s degree in business administration from Florida State University. Drew has over 29 years experience in business and industry in various engineering and managerial capacities. He has worked in the U.S. and Canadian operations for a major international manufacturer of pre-engineered steel buildings, was a financial analyst with a major athletic apparel manufacturer and was an owner of a general contracting company.
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