Wapner adds that, in addition to emerging technologies, the regulatory and policy environment for building efficiency is dynamic, as well. Building codes, mandatory disclosure rules, and other regulations related to energy efficiency are developing quickly around the world, and new financing options are emerging to support the business case for energy efficiency retrofits.
Pike Research’s building efficiency industry predictions for 2011 and beyond include the following:
- Energy codes will keep raising the bar and enforcement is catching up.
- Mandatory disclosure rules will incentivize building owners to invest in energy efficiency.
- The pace of building certification will increase, led by LEED.
- Building energy management systems are in high demand.
- The U.S. ESCO market will see moderate growth and ESCOs in Asia Pacific’s developing markets will advance rapidly.
- Lighting: 2011 will not yet be “The Year of the LED”.
- The connection between efficient buildings and the smart grid will continue to grow.
- An increasing number of financing options will continue to emerge to support building efficiency programs.
- PACE is a financing option struggling to overcome a roadblock of its own.
- Systemic conditions, policy choices, and practical considerations will continue to present barriers to achieving energy efficiency, but investments in training, information access, and technology will gradually overcome many of them.