Dec 27, 2022
According to the National Renewable Energy Laboratory, buildings are the largest consumers of energy and one of the largest sources of greenhouse gas (“GHG”) emissions in the United States. They account for 70% of electricity use and about 40% of total primary energy consumption in the country. In 2020, carbon dioxide (“CO2”) from energy use in buildings accounted for about 37% of global emissions (https://ibn.fm/9TgmT).
To remedy the situation, electrification retrofits that remove fossil gas are being seen as a critical climate solution, given their overall efficiency and sustainability. Legitimate concerns that building owners have regarding short and long-term returns of potential retrofits are addressed by…
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