Retrofitting existing buildings is new frontier of energy efficiency

The current political climate in the U.S. puts the country’s federal commitment to clean energy and reducing carbon emissions into question. At the same time, leaders on the state and city level have reaffirmed their commitment to energy efficiency and lowering carbon emissions. Local lawmakers, civic leaders and citizens recognize the importance of curbing climate change and the very real impact that local legislation and green initiatives can have.

Enter the retrofit. Existing U.S. building stock accounts for around 40% of energy consumption, with housing nearly a quarter of that use. The burden of this energy consumption is on property owners, who spend more than $230 billion annually to heat, cool and power more than 113.6 million homes. Considering this, it’s clear that the retrofit market presents a huge opportunity to solve one of the world’s biggest energy problems – inefficient buildings.