Home Archives April 2009 Focus turns to green building efficiencies

Focus turns to green building efficiencies

| Print |  Email
Wednesday, April 01, 2009

STATEWIDE Oregon's residential and commercial construction markets may be stalled by the paralyzing credit crisis, but state lawmakers and industry professionals see potential in the state's green building sector to add jobs to the shrinking economy.

Area builders and developers are shying away from new green construction however, and instead focusing more on energy-efficient retrofits of existing homes and buildings. The state Legislature is also exploring the economic potential of this sector, with a group of lawmakers recently announcing the Energy Efficient and Sustainable Technology Act, a bill which aims to make financing for green retrofits more accessible.

"We know that energy efficiency and renewable energy projects are a good bet on the future," says one of the bill's main sponsors, Rep. Jules Bailey, D-Portland.

EEAST would provide increased funding for Oregonians to make their homes more energy efficient via low-interest, long-term loans. Home and business owners could attach loan payments to their utility bills. The  savings from the reduced energy use means consumers would likely see an immediate decrease in their utility bills even with the additional loan payment, say the bill's co-sponsors.  

"I think it is a fabulous step in that it puts a financing mechanism in front of consumers, which has previously been a significant obstacle," says Sean Penrith, executive director of Earth Advantage, a Portland-based residential green certification program.

Home and business owners won't be the only ones benefiting from their upgrades.  For every $1 million invested in efficiency retrofits, eight to 11 on-site jobs are created, according to a recent report published by the Oregon Department of Energy.

With legislators hoping to put EEAST in action this summer, hundreds of new green-collar jobs could arrive in a matter of months.  

"I have no doubt we will see retrofits increase," says Mark Edlen of Gerding Edlen Development. "The opportunity is enormous."

NICOLE STORMBERG

Have an opinion? E-mail This e-mail address is being protected from spambots. You need JavaScript enabled to view it

 

More Articles

Shipping News

September 2014
Tuesday, August 26, 2014
BY JENNIFER MARGULIS

In 2012 The Dalles, a city of some 14,400 located 75 miles east of Portland and often seen as the poor cousin to adjacent Hood River, completed a massive project to revitalize its dock.


Read more...

Launch

September 2014
Tuesday, August 26, 2014
BY JESSICA RIDGWAY

September's Launch article features Orchid Health, BuddyUp and Inter-Europe Consulting.


Read more...

October surprise

News
Sunday, October 12, 2014
roundup-logo-thumb-14BY LINDA BAKER

Cylvia Hayes, tabloid vs. watchdog journalism and the looming threat of a Cascadia earthquake.


Read more...

November/December Preview: Revenge Forestry

News
Tuesday, October 14, 2014
BY JONATHAN FROCHTZWAJG

Seneca AW46A flare-up in the Elliott Forest raises questions about détente in Oregon’s timber wars.


Read more...

Powerlist: Law Firms

October 2014
Thursday, September 25, 2014
BY KIM MOORE

A conversation with leading partners at law firms in Portland and eastern Oregon, followed by October's powerlist.


Read more...

The Backstory

October 2014
Thursday, September 25, 2014

In our cover story this month, Wendy Collie, CEO of New Seasons Market, and Kim Malek, owner of Salt & Straw, discuss their rapidly growing businesses and Portland’s red hot food scene. The conversation provides an interesting lens through which to explore trends in the grocery store and restaurant sectors.


Read more...

Podcast: Testing for Emotional Intelligence with John Hersey

Contributed Blogs
Friday, September 19, 2014
ivbU3sIXBY TOM COX | OB BLOGGER

How can you tell if you, a peer, a subordinate or a job candidate has the emotional intelligence needed to do well?


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS