Apartment owners and residents could save $3.4 billion by upgrading energy

Apartment building owners and residents in the US could save up to $3.4 billion by upgrading energy efficiency, according to a new report. The report released by CNT Energy and […]

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By Priyanka Shrestha

Apartment building owners and residents in the US could save up to $3.4 billion by upgrading energy efficiency, according to a new report.

The report released by CNT Energy and the American Council for an Energy-Efficient Economy (ACEEE) suggests that energy companies working together with building owners can help save can save utility costs of 15% to 30% in buildings with five or more residential units.

Anne McKibbin, CNT Energy’s Policy Director said: “We have billions essentially sitting untapped in our apartment buildings. We can harness that by simply setting better policies for efficiency for apartment buildings.

“Partnering with utilities is a crucial part of the process. Building owners and other housing industry players need to work with their utilities, engaging them directly and in local and state regulatory proceedings.”

Among the regions that may benefit from improvements in energy efficiency policies are Florida, Illinois, Texas and the District of Columbia.