Better Buildings Neighborhood Initiative Upgrades 100,000 Buildings; Saves $730 Million on Energy BillsMay 22nd, 2014 by Editor
Building on President Obama’s Climate Action Plan and the Administration’s Better Buildings Initiative, the Energy Department announced that the Department’s Better Buildings Neighborhood Program has helped more than 40 state and local governments upgrade more than 100,000 buildings and save families and businesses over $730 million on utility bills. Supported by the Recovery Act, the Energy Department’s Better Buildings Neighborhood Program worked with 41 competitively selected state and local governments and their partners to upgrade the energy efficiency of homes and local buildings and leverage early federal funds to launch sustainable community-based programs.
“In the United States, residential and commercial buildings account for about 40 percent of all energy use,” says Energy Secretary Ernest Moniz. “Upgrading the energy efficiency of our homes and other buildings will save families and businesses money on utility bills and reduce pollution in our communities, moving the nation closer to our clean energy future.”
Over the last four years, these state and local governments have partnered with utilities, nonprofit organizations, financial institutions and building efficiency experts to upgrade more than 100,000 homes and other buildings. The initial $508 million federal investment leveraged another $1 billion in other public and private sector funding and supported more than $740 million in direct invoices to local workers for energy assessments and upgrades they performed. Local direct investments and savings will continue to grow as leveraged funds are used to finance future energy efficiency project upgrades.
All in all, more than 1,400 home improvement contractors completed upgrades for homeowners. Approximately 30 programs out of the original 40 are continuing without federal support, including programs in Oregon, Maine, Virginia and Florida.