News: Retrofits a better bet than stocks and bonds, analysis finds
A 30% increase in existing building efficiency by 2030 could provide returns of $65 billion annually, according to a study commissioned by United Technologies Corporation, parent company of HVAC manufacturer Carrier. The Rhodium Group, which prepared the report,Unlocking American Efficiency, found that investments in technology such as efficient lighting and HVAC systems and design practices such as passive solar design would provide a return rate better than that of corporate bonds, equities, or high-performing venture capital stocks. With an initial investment of $275 billion nationwide, commercial building owners would realize savings of $34 billion per year, according to the report, with homeowners saving $23 billion and public-sector building owners pocketing $8 billion. The report argues that greater building efficiency would allow businesses to hire more employees and give governments extra funds to balance budgets or invest in other areas, such as education.
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