The energy efficiency investment market has significantly expanded over the past decade. Despite this development, the market has not reached its full potential. Deutsche Bank has recently estimated that through the use of EPCs, ESAs, and PACEs in the building industry, market potential could reach $249 billion in the United States alone (link).The U.S. Department of Energy has also concluded that reducing energy use in buildings in our country by only 20% could save about $80 Billion annually (link).
Engaging the right stakeholders through financing structures such as the OBF/OBR, PACE, ESA, and ESPC models is crucial to evading the first cost hurdles to the end-user. Implementing building retrofits will be a major contributor to reaching a fairly untapped resource and achieve our national goal of reducing greenhouse gases by the year 2020. In this meeting, experts will explore the opportunities and intricacies of financing energy efficiency, including a discussion on the regulations and policies that promote it.
What is the market expectation for 2014 in terms of financing and policy?
What are the largest financing sources for retrofits?
What are the prominent financial barriers? i.e. inital cost, exposure to risk and lack of data