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Rebuilding America

The Retrofit Opportunity Retrofitting Commercial and Multi-Family Buildings to Create Jobs, Reduce Energy Use, and Save Money. Rebuilding America. Goal: Support an industry to retrofit 40% of America’s commercial and residential buildings – 50 million buildings – by 2020

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Rebuilding America

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  1. The Retrofit OpportunityRetrofitting Commercial and Multi-Family Buildings to Create Jobs, Reduce Energy Use, and Save Money

  2. Rebuilding America • Goal: Support an industry to retrofit 40% of America’s commercial and residential buildings – 50 million buildings – by 2020 • How to get the most out of the stimulus package with energy efficiency and how to keep improving efficiency after ARRA.

  3. Rebuilding America • Unique effort to unite all with a stake in energy efficiency through retrofits: • Builder and contractor associations • Manufacturers • Labor union members • Consumer groups • Financial institutions • Energy and environmental advocates

  4. Commercial Buildings • Commercial and multi-family buildings are an important market for energy efficient retrofits. • They account for approximately half of all building energy use. • Three out of four commercial buildings was built before 1990. • Renovated, serviced, and managed by a highly trained and certified workforce.

  5. Commercial Buildings • Commercial real estate represents $6.7 trillion in value, constitutes up to 13% of GDP and employs about 9 million people. • Commercial buildings are income-generating entities. Improving their energy efficiency means improving their value.

  6. Building STAR • Developed as part of the Rebuilding America initiative to jumpstart the economy and create jobs by spurring retrofits of commercial and multi-family buildings. • Building STAR also includes the input of a diverse array of technical experts. • Endorsed by Rebuilding America, The Real Estate Roundtable, Lockheed Martin, Associated General Contractors, National Restaurant Association and 21 other groups.

  7. What is Building STAR? • A rebate program and financing to drive energy efficiency retrofits of commercial and multi-family buildings in 2010 and 2011. • Covers over 20 building systems, materials, and services. • Simple to use and ready to create jobs almost immediately.

  8. Building STAR Impacts ACEEE conducted an analysis of jobs and energy savings benefits of Building STARBy the end of 2011: • 187,000 jobs created • $3.3 billion in annual energy bill savings. • Avoided emissions equivalent to nearly 4 million cars. The energy savings from Building STAR retrofits will save $33 billion over 10 years - $5 for every $1 of rebates.

  9. Energy Efficiency and Jobs • Building STAR is an essential component of a larger package that address all types of buildings. • Residential • Industrial • Commercial • Institutional • Each building sector has unique needs and is serviced by a different workforce.

  10. The Road Forward • Developing and growing the private sector markets to perform retrofits and actively manage buildings is the key. • That requires policies that unlock financing, change utility business models, encourage high performance and high standards, and robust workforce training and labor standards.

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