Commercial buildings now account for 20% of the energy used in US.
President Obama would like to see energy efficiency of commercial buildings improved by 20% by 2020 and has called on Congress to propose tax deduction for commercial building upgrade/improvements and wants the Department of Energy to guarantee loans for the energy efficiency upgrades at commercial properties, schools and hospitals...
Building Owners and Managers Association (BOMA) has challenged its members to reduce energy consumption 30% by 2030.
So we are back again at old familiar territory - allowing the federal government to dictate what is and isn't an energy efficient improvement and how much companies receive in tax credits or eventual funding credits. And the production of new energy including oil production and nuclear energy remains dormant until the next person realizes the futility of the 1970's approach to energy efficiency didn't work either.
Source: Atlanta Business Chronicle, 2/11-17/2011, Page 18A.
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