Study: Energy Efficiency in Apartments Could Save $3.4 Billion

Study: Energy Efficiency in Apartments Could Save $3.4 Billion

Jennifer Kho wrote in a Forbes (1/28, 929K) piece that "energy-efficiency upgrades in US apartment buildings could cut energy bills by almost $3.4 billion annually nationwide, according to a new report this week from think tanks CNT Energy and the American Council for an Energy-Efficient Economy." This "estimate includes $2.03 billion in potential electricity savings and $1.34 billion in potential natural-gas savings from retrofits such as more efficient lighting, appliances and air- and water-heating systems." Study data suggest "these types of measures could slash utility bills for multifamily buildings -- in this case, defined as those with at least five rental units -- by 15-30 percent."