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Potential for Energy Savings

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The focus of this study is the energy efficiency potential in affordable multifamily housing in nine states--Georgia, Illinois, Maryland, Michigan, Missouri, New York, North Carolina, Pennsylvania, and Virginia
EEFA commissioned this study to estimate the potential energy savings from the implementation of efficiency measures in affordable multifamily housing in nine states — Georgia, Illinois, Maryland, Michigan, Missouri, New York, North Carolina,
Pennsylvania, and Virginia. For this study, affordable multifamily housing is defined as households in buildings with five or more units occupied by people with household incomes at or below 80% of the area median income.
 
The analysis includes savings for electricity, natural gas, and fuel oil over a 20-year period, 2015 to 2034. A 3% real discount rate is assumed for estimating the future value of costs and benefits. The study provides two types of potential estimates:
  •  Economic potential — savings that can be realized if all cost-effective efficiency measures are implemented
  • Maximum achievable potential — savings that can be realized if all cost-effective efficiency measures are implemented given existing market barriers

“Potential” here refers to the savings that would result from the adoption of energy-efficient technologies that would not occur without funded programs to promote their adoption.

Author/Org: 
Energy Efficiency for All
Year: 
2015
Resource File: 
Categories: 
Scaling Up Financing
Tags: 
Efficiency Potential

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