The green construction market is booming and to keep up with the high demand for eco-friendly buildings, certified general electricians are transitioning themselves into energy contractors by participating in and facilitating energy efficient renovations better known as retrofitting. Retrofitting refers to the improving of an existing building with more energy efficient equipment. Forecasts show that over the next three to four years retrofitting will have become a multi-billion dollar industry! In fact, McGraw Hill estimates it will become a $10 to $15 billion dollar market by 2014.
Although intended for electricians, one of the most popular green retrofits that can be used by any energy contractor, building owner or homeowner looking to adopt sustainable building practices is re-lamping (which hopefully leads to de-lamping). Lighting retrofits present the biggest opportunity for electricians and interested building owners. Lighting accounts for more than 40 percent of the commercial sector’s electricity consumption and 20 percent of all electricity used in the United States (ACEEE). Adequate lighting systems and energy efficient substitutes, such as The Green Savings Company’s T5 Retrofit Kit, can significantly reduce these numbers by replacing antiquated lighting systems.
Getting back to cost efficiency perks and beyond the environmental benefits of eco-energy consumption, motivation is offered to building owners to retrofit their lighting systems. Utility companies and other organizations offer incentives and rebates for retrofitting, while new legislation requires buildings to use energy-efficient lighting. Finally, factor in the 2.2 million buildings that are candidates for lighting-system upgrades, and it is easy to see why green construction and energy efficient equipment is anticipating such vast growth in the market.