What are Deep Energy Retrofits?
A deep energy retrofit expands on the scope of a standard retrofit by taking a whole-building approach to understanding the impacts of energy efficiency improvements. While a standard retrofit addresses energy efficiency by upgrading old or outdated equipment in existing buildings, a deep energy retrofit furthers this process by analyzing all of the interactions between building systems, and aiming for savings upwards of 50%.
Deep Energy Retrofits as a Robust Energy Savings Market Driver
At a time of rising energy prices and supply fluctuations, high-performance building design and holistic energy improvements can achieve deeper energy savings in the new & existing building stock.
According to a study by The Rocky Mountain Institute, “our current building stock is dominated by these older, inefficient buildings—as many as 72% of U.S. buildings are over 20 years old”. Additionally, a 2012 joint report by the Rockefeller Foundation & Deutsche Bank Climate Change Advisors found that “improving energy efficiency by 30% in the nation’s pre-1980 building stock would result in $1 trillion dollars of energy savings over 10 years ….,a simple return on investment of over 358% over a decade”.
Energy Savings Measures – Deep Energy Retrofits
Deep energy retrofits go above and beyond standard retrofits with regards to energy savings achieved from implemented measures. These measures can include:
Benefits of Deep Energy Retrofits to Building Owners & Managers
As a building owner, you will see many financial and non-financial benefits from a deep energy efficiency retrofit. Some of these benefits include:
Growing Demand for Deep Retrofits from Financial Community
While the biggest challenges to financing energy retrofits have been identified as split incentives problems, insufficient credit and limited data on long-term energy performance, there has been a sizable uptick in funding & financing activity within the retrofit market. For instance, Bank of America launched its $20 billion clean investment strategy and $150 million going towards energy efficiency projects within its own buildings nationally. In 2011, Wells Fargo has provided or raised about $2 billion for energy efficiency retrofits1.
Associated Renewable provides comprehensive deep energy retrofit solutions. Our Energy Solutions team will provide a custom, comprehensive plan for achieving upwards of 40% in energy savings in your buildings. Contact a member of our team at (212) 444-8215 to learn how your building can benefit from a whole-building energy retrofit.