Energy Savings in US Multifamily Stock Could Reach $9 Billion

From the MultiFamily Executive article:

Multifamily building stock in the United States has great potential for significant energy efficiency gains, with potential energy savings are estimated at $9 billion, according to a new report from the Institute for Market Transformation (IMT).¬†Energy Transparency in the Multifamily Housing Sector, reports that while energy costs have risen 20 percent in the past decade, new energy benchmarking laws in major cities that require owners of multifamily buildings to measures or disclose their properties’ energy consumption are allowing owners, policymakers, utilities, and lenders to craft better programs and incentives for energy-efficient buildings. The carbon reductions associated with the $9 ¬†billion in estimated savings are the equivalent of shutting down 20 coal power plants according to IMT.