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Spending on Energy Conservation to Rise in 2010, Survey Says

04/26/2010 | By Allen Kenney

Spending on Energy Conservation to Rise in 2010, Survey Says
After spending dipped in 2009, commercial real estate companies plan to re-up their investment in energy efficient technology this year, according to an industry survey.
 
The survey, which was conducted by industrial technology firm Johnson Controls, revealed that more than half of the 1,400 respondents from the commercial real estate sector intend to make capital investments in energy conservation in 2010. More than 80 percent of respondents indicated that efficiency is a "priority" for all new building and retrofitting this year.
 
"Our research shows attention to energy efficiency is continuing its growth among business leaders," said Dave Myers, president of the Johnson Controls efficiency division. "Commercial buildings consume 18 percent of the energy and 35 percent of electricity used in the U.S. each year. A focus on improving energy efficiency in existing buildings is the best way to address carbon reduction goals being set by a growing number of organizations."
 
Respondents expressed particular interest in low-cost strategies, such as energy efficient lighting. Johnson Controls noted that almost 40 percent of those who responded said that limited access to capital was holding back their ability to invest in green technologies.