Energy-efficiency upgrades in U.S. 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.
The 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.
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, the study finds. That could be welcome news for apartment-building owners, who often get squeezed when energy prices rise
Read more...Study: Energy Efficiency in Apartments Could Save $3.4 Billion via Forbes