Cost Savings Remain Driving Factor Behind Commercial Retrofits

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A recent survey conducted by the Institute For Building Efficiency showed that while interest in energy efficiency is increasing among building owners, energy cost savings remain the driving factor behind organizational energy efficiency decisions.

The Energy Efficiency indicator is an annual survey of global executives and building owners responsible for energy management and investment decisions in commercial and public-sector buildings. The 2011 survey included almost 4,000 respondents across North America, Europe, India, China, Australia, Brazil and South Africa.

“The survey tracks their priorities, practices, investment plans and financial evaluation criteria to understand the projects they are implementing, the drivers of action and the barriers they face.”

Across all regions, energy cost savings was the most-sited driver for decision making.

energy efficiency drivers

Monetary concerns was listed as the greatest barrier to pursuing energy efficiency.

energy efficiency barriers

And of the financial barriers to energy efficiency, a lack of internal budget was the biggest.

financial barriers to energy efficiency

Since about 40% of electricity costs in typical commercial buildings can be attributed to lighting, it is not surprising the data shows the majority of respondents are investing in lighting improvements.

energy efficiency measures

To support improvements and mitigate cost concerns, lighting retrofit calculators are often used to forecast ROI calculations prior to making investments in energy efficient lighting fixtures.

Read the 2011 Energy Efficiency  Indicator (PDF) for the full survey findings. All graphs © Institute for Building Efficiency.

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