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on 22-Apr-10 03:33.
February 12, 2010 San Diego, CA: Global Strategic Management Institute (GSMI) is pleased to announce the East Coast counterpart to its Sustainable Building Series: The Sustainable Building Series: Retrofits (NYC), scheduled for May 10-12 at the Embassy Suites in New York City as part of its Green Educational Forums.
After the remarkable success of its first installment in San Francisco in 2009, GSMI wasted no time in responding to requests from many attendees at that event for the next installment. The Sustainable Buildings Series East: Retrofits is a comprehensive program that incorporates the newest techniques, solutions and developments in this industry.
This years highlights include: a dedicated track specifically for the needs of municipalities on May 12th and the inclusion of the more intimate and informative Facilitated Breakfast Chats where owners, managers, and officials can share stories and learn how their industry colleagues are approaching retrofitting and renovations on a wide range of pre-set topics, each of which will be facilitated by an industry expert.
on 22-Apr-10 02:25.
Just days after the White House outlined its strategy for bolstering the home energy retrofit market, a new report from research and publishing firm McGraw-Hill Construction predicts the market for nonresidential green building retrofits is set to soar and represents a better opportunity for designers and builders than new construction. The market for such retrofit projects, which include activities like installing energy-saving lighting, mechanical and electrical systems, will grow to $10.1 billion-$15.1 billion by 2014 from just $2.1 billion-$3.7 billion this year, according to the report. Put another way, green buildings will comprise a 20-30 percent share of the U.S. retrofit and renovation market in five years, up from its 5-9 percent stake today.
The rising interest in green retrofits represents a "tremendous market opportunity for green builders, owners and building product manufacturers," according to the report, which considered projects that would be over $1 million in total costs. The study concludes that the greatest opportunity for green design and construction activity lies not in constructing new green buildings, but in engaging in the retrofit and renovation of existing ones.
A project is considered "green" in this report if it employs multiple practices, products and processes covering a minimum of three out of five aspects of green building - energy, water or resource efficiency, improved indoor environmental quality and responsible site management. The sectors with the largest green retrofit opportunity are education and office, representing about 50 percent of all retrofit activity, with the biggest growth expected in retail.
on 22-Apr-10 02:24.
Washington, D.C. - (July 29, 2009) - Investing in the energy efficiency of buildings represents a powerful
and strategic energy and climate solution that combined with other non-transportation initiatives could reduce the nation's energy consumption by 23 percent by 2020, save the U.S. economy $1.2 trillion, and reduce greenhouse gas emissions by 1.1 gigatons annually, according to a study released today by McKinsey & Company.
"This confirms a critical path forward that we have long championed. Harnessing the engine of green, energy efficient buildings can cost-effectively drive tremendous improvements in our economy and environment," said Rick Fedrizzi, President, CEO and Founding Chairman of USGBC. "Green building can stimulate the economy at a level one and a half times larger than the federal stimulus bill. In terms of climate change, a commitment to energy efficiency would be the equivalent to taking the entire U.S. fleet of passenger cars and light trucks - more than 200 million vehicles - off the road."
on 22-Apr-10 02:23.
Did you know that you may be eligible for a substantial tax deduction of up to $1.80 per square foot for improving the energy efficiency of your building or designing energy efficiency into your new building? If you're already thinking of a retrofit project, this can significantly improve your Return on Investment. If not, act quickly because this benefit is set to expire at the end of the year.
The Energy Policy Act of 2005 includes a tax deduction for investments in "energy-efficient commercial building property" designed to significantly reduce the heating, cooling, water heating, and interior lighting energy cost of new or existing commercial buildings. To be eligible, the energy-efficient commercial building property must be placed in service between January 1, 2006 and December 31, 2008. Warehouse and industrial facility owners can now reduce the payback period of investing in energy-efficient retrofit projects or new components with the added benefit of deducting up to the entire expense of these costs immediately instead of depreciating them over 39 years.
on 22-Apr-10 00:49.
Boosted in part by the American Recovery and Reinvestment Act, which will provide significant funding for renovations to federal building, the total potential market for major green renovations in the commercial building sector is approximately $400 billion, according to a new study by Pike Research. Although currently a relatively small market, the market researcher forecasts that comprehensive efficiency retrofits will more than triple in annual revenue to $6.6 billion by 2013.
The market researcher says the total U.S. commercial building market, with 70-billion square-feet of space, delivers one of the largest opportunities for energy savings, reduction of carbon emissions and increased property values.
While direct energy savings can be significant with green retrofits, the study, "Energy Efficiency Retrofits for Commercial and Public Buildings", indicates that most major projects will not be driven by cost savings, but instead will be initiated to meet broader policy and business objectives such as lower carbon footprints, higher employee productivity, and higher property values.
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