{"id":14077,"date":"2024-02-01T20:14:26","date_gmt":"2024-02-01T20:14:26","guid":{"rendered":"https:\/\/insulation.org\/io\/?post_type=articles&p=14077"},"modified":"2024-02-20T20:21:17","modified_gmt":"2024-02-20T20:21:17","slug":"state-of-decarbonization-report-spotlight-on-retrofitting","status":"publish","type":"articles","link":"https:\/\/insulation.org\/io\/articles\/state-of-decarbonization-report-spotlight-on-retrofitting\/","title":{"rendered":"State of Decarbonization Report: Spotlight on Retrofitting"},"content":{"rendered":"

\"\"<\/a><\/p>\n

Opportunities in Retrofit and Renovation of Existing Buildings<\/h2>\n

Addressing commercial typology trends, organizational commitments, levers of transformation, and decarbonization technologies, the report covers a lot of ground. The section \u201cRetrofit and Renovation\u201d discusses how making the existing building stock greener and more energy efficient will help us reach climate goals. The report states:<\/p>\n

Retro-commissioning (RCx) is a valuable tool for identifying and maximizing potential
\nenergy savings. For example, every 1% of retro-commissioning market penetration results in energy savings of almost four billion kBtu, the equivalent of over 830,000 metric tons of CO2 e per year\u2014more than the average of two U.S. natural gas-fired power plants operating for an entire year.<\/p>\n

According to the data, growth in commercial sector renovations and retrofits is projected to increase up to 11% annually by 2027 with additional funding from the Inflation Reduction Act (IRA).<\/p>\n

\u201cIRA amendments to the commercial building incentive known as Section 179D update the financial benefits for energy efficiency retrofits to existing buildings,\u201d shares the report, explaining that buildings constructed before 1980 that have not been renovated since 2000 make up 37% of the national gross commercial floor area; 47% of the tax deductions provided under Section 179D are tied to these buildings.<\/p>\n

\u201cIf all existing commercial buildings in the United States were retrofitted with energy efficiency upgrades in compliance with their respective states\u2019 current energy code, $314B of tax deductions could be recognized, resulting in $66B in net total tax savings,\u201d estimates the report.<\/p>\n

With subsections on whole life carbon savings, building ownership and occupancy, funding and incentives, and commissioning and retro-commissioning market penetration, the report paints a picture of just how many opportunities exist to decarbonize through existing buildings.<\/p>\n

For more insights on retrofitting trends and opportunities, explore the State of Decarbonization: Progress in U.S. Commercial Buildings 2023 at
\nhttps:\/\/www.usgbc.org\/resources\/state-decarbonization-progress-us-commercial-buildings-2023<\/a><\/em>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Study analyzes decades of data on commercial sector renovations and retrofits.<\/p>\n","protected":false},"author":[655],"featured_media":0,"template":"","categories":[289,21,32,649,650,651],"class_list":["post-14077","articles","type-articles","status-publish","hentry","category-personnel-protection","category-business-managment","category-health-and-safety","category-february-2024","category-business","category-legal","author-heather-benjamin"],"acf":[],"yoast_head":"\nState of Decarbonization Report: Spotlight on Retrofitting - Insulation Outlook Magazine<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insulation.org\/io\/articles\/state-of-decarbonization-report-spotlight-on-retrofitting\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"State of Decarbonization Report: Spotlight on Retrofitting\" \/>\n<meta property=\"og:description\" content=\"Study analyzes decades of data on commercial sector renovations and retrofits.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/insulation.org\/io\/articles\/state-of-decarbonization-report-spotlight-on-retrofitting\/\" \/>\n<meta property=\"og:site_name\" content=\"Insulation Outlook Magazine\" \/>\n<meta property=\"article:modified_time\" content=\"2024-02-20T20:21:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/insulation.org\/io\/wp-content\/uploads\/sites\/3\/2024\/02\/IO240207_01-300x191.jpg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/insulation.org\/io\/articles\/state-of-decarbonization-report-spotlight-on-retrofitting\/\",\"url\":\"https:\/\/insulation.org\/io\/articles\/state-of-decarbonization-report-spotlight-on-retrofitting\/\",\"name\":\"State of Decarbonization Report: Spotlight on Retrofitting - 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