Smart Buildings

Understanding the True Benefits of Smart Building Retrofits

Rising electricity prices, climate change and a sagging economy continue to drive public and private institutions to focus on energy efficiency in the built environment. Today, buildings consume around 40% of generated energy, which makes investing in energy efficiency critical in efforts to reduce our unsustainable demand for energy. Let's remember that building doesn’t have to be new to be efficient. Today’s leading building owners are converting existing buildings into models of sustainability. For many building owners, however, capital costs create the primary barrier to investing in a retrofit, and many building owners, real estate developers and commercial businesses alike, are still not fully aware of the potential savings such a retrofit could bring. Retrofitting technology could save up to 60% of a building's energy consumption and this would translate into direct savings in energy expenditure. However, energy technology alone is only part of the answer. There are also other barriers to retrofitting such as […]

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