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 “,”
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