Back in February we shared with you that part of President Barack Obama’s State of the Union address focused on highlighting future plans for making American businesses more energy efficient. The Better Buildings Initiative (BBI) that the President proposed would invest in innovative clean energy technologies, aiming to increase energy efficiency in commercial by 20 percent in the next ten years.
The recently released analysis from the USGBC along with their partners Real Estate Roundtable and the Natural Resources Defence Council concluded that indeed President Obama’s BBI will create over 114,000 jobs. 77,ooo of these new jobs would be a direct result from a tax incentive encouraging building retrofits. The analysis also concluded that there would be the potential for business to save $1.4 billion dollars in energy bills due to the retrofit projects that are spurred by the tax incentive.