News: SEEA finds a 387% ROI on energy efficiency investments in the Southeast
Cadmus Group evaluated the economic performance of the Southeast Energy Efficiency Alliance’s 16-city, DOE-funded energy efficiency retrofit consortium from 2010 to 2013 and found that every $1 million invested in energy efficiency programs in the region generated $3.87 million in economic output, together with 17.28 new jobs, according to the report The Economic Impact of Energy Efficiency Investments in the Southeast.
Over the course of three years, SEEA-administered programs in 16 participating cities achieved these economic results by completing more than 10,000 building energy audits and 6,000 home and commercial building retrofits.
The SEEA program consortium, which was seeded by $20.2 million of funding from the Department of Energy Better Buildings Neighborhood Program (BBNP), ranked sixth among 41 BBNP programs nationwide based on the number of retrofits completed. Participant cities included Arlington, Va.; Atlanta, Ga.; Birmingham, Ala.; Blacksburg/Roanoke, Va.; Carrboro, N.C; Chapel Hill, N.C; Charleston, S.C.; Charlotte, N.C. Charlottesville, Va.; Decatur, Ga.; Hampton Roads, Va.; Huntsville, Ala.; Jacksonville, Fla.; Nashville, Tenn.; New Orleans, La.; and Richmond, Va.
Read the full story. (Energy Manager Today)