News Brief

Obama Announces $4 Billion Retrofit Investment

The effort will see $2 billion invested in federal buildings with no first cost for the federal government due to a financing structure whereby energy service companies perform the retrofits and building owners gradually pay for the upgrades through savings on utility bills (see “Existing Buildings a Promising Investment, Say Global Firms,”

EBN Dec. 2011).

The other $2 billion was committed by private-sector building owners and will be invested in 1.6 billion ft2 of commercial building space, according to the White House.




Published December 27, 2011

Melton, P. (2011, December 27). Obama Announces $4 Billion Retrofit Investment. Retrieved from

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