The Energy Efficient Buildings Hub (EEB Hub) is headquartered in the Philadelphia Navy Yard. EEB Hub (www.eebhub.org) commissioned a study by Econsult Solutions to help identify the extent to which mandated building energy use disclosure in Philadelphia could foster economic activity and other benefits. Here is one of three sample obstacles to success identified in the report:
High Cost – “In the current market, most retrofits do not pay for themselves within a reasonable amount of time. While the retrofit may increase the value of the building, the rate at which the benefits are capitalized is typically either too low, too slow, or both, for the owner to be incentivized to undertake the retrofit at their own expense.”
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