Home Back Issues April 2009 Focus turns to green building efficiencies

Focus turns to green building efficiencies

| Print |  Email
Archives - April 2009
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

Oversight? Or gaming the system?

News
Monday, July 14, 2014
AmazonBY VIVIAN MCINERNY | OB BLOGGER

Some people think Amazon’s winking eye logo is starting to look like a hoodwink.


Read more...

The role of higher education as K-12 underperforms

Contributed Blogs
Friday, May 30, 2014
ThumbChalkboardBY DEBRA RINGOLD | OB GUEST CONTRIBUTOR

Since 1970 the performance of our public education system has steadily deteriorated.


Read more...

The barber is back

June 2014
Thursday, May 29, 2014
BY MIKE GREEN

An old profession is new again.


Read more...

Green Your Workplace seminar held at Nines Hotel

News
Wednesday, May 28, 2014

GreenYourWorkplacelogoOBMOregon Business magazine's  "Green Your Workplace" seminar featured a panel of sustainability experts from small, medium and large organizations. The seminar drew 70 people and took place in the Nines Hotel this morning.


Read more...

Interview: Dr. Mark Goulston

Contributed Blogs
Thursday, July 10, 2014
JustListenBY TOM COX | OB BLOGGER

Tom Cox interviews Dr. Mark Goulston, author of Just Listen, Discover the Secret to Getting Through to Absolutely Anyone.


Read more...

13 West Coast seafood species now 'sustainable'

News
Tuesday, June 03, 2014

Fishing OrBiz Fishing 0357 ADOBErgbCiting the transition to catch shares management as a key to rebuilding stocks and reducing bycatch, 13 species caught by the West Coast trawl fishery today earned designation from the Marine Stewardship Council (MSC) as sustainable.


Read more...

Understanding Oregon medical marijuana dispensary tenants

News
Friday, June 13, 2014
061314 thumb grassrentBY CLIFF HOCKLEY | OB GUEST BLOGGER

This article summarizes the key considerations a building owner must keep in mind when thinking about leasing to a medical marijuana dispensary.


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