It Pays to Invest in Energy Efficiency

Efficiency , , ,
Denison University in Granville, Ohio; Photo by Pbass1956

Denison University in Granville, Ohio; Photo by Pbass1956

According to a recent opinion essay in the New York Times, retrofitting old buildings to make them more energy efficient is a great way to save money.

Mark Orlowski, the founder and executive director of the Sustainable Endowments Institute explained that,

“The returns are tremendous, and there’s virtually no risk.”

SEI is an organization that supports research, education and practical tools to encourage institutions, usually of higher learning, to invest in ways to reduce climate change.

An example is cited of how Denison University in Granville, Ohio, invested $108,000 to install sensor-controlled heating and cooling systems in Burton D. Morgan Hall. They also had energy efficient lighting installed in the ten-year-old building, completed in 2003. Between the lowered gas and electric bills since the retrofitting, the University has saved about $28,000 per year. It took less than 4 years to recoup their investment, and can expect to continue saving money.

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