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

Managing family assets: The importance of planning ahead

News
Friday, August 22, 2014
Unknown-1BY CLIFF HOCKLEY |  OB GUEST CONTRIBUTOR

When business intersects with family, a host of  situations can arise. Without a clear vision and careful planning, hard-earned investments can become stressful burdens.


Read more...

Register for 100 Best Companies survey

News
Wednesday, August 20, 2014
OBM-100-best-logo-2015 150pxwBy Kim Moore | OB Editor

The 2015 survey launched this week. It is open to for-profit private and public companies that have at least 15 full- or part-time employees in Oregon.


Read more...

What I'm Reading

September 2014
Wednesday, August 27, 2014

Kim Ierian, President of Concorde Career Colleges, and Deborah Edward, Executive Director of Business for Culture & the Arts, share their recent reads.


Read more...

Portland rises

News
Monday, August 18, 2014

IMG 2551Portland is in the middle of another construction boom, with residential and office projects springing up downtown, in the Pearl and Old Town. OB Web Editor Jessica Ridgway documents the new wave.


Read more...

Poll Wrap-Up

News
Friday, August 15, 2014

2014 NewPoll-report-newsletterthumbIn this week's poll, we asked readers: "Who should pay for the troubled Cover Oregon website?" Here are the results.


Read more...

Powerlist: Colleges and Universities

September 2014
Wednesday, August 27, 2014
BY KIM MOORE

A conversation about higher education with the presidents of the University of Oregon and Clackamas Community College, followed by September's powerlist.


Read more...

Gender Code

September 2014
Tuesday, August 26, 2014
BY COURTNEY SHERWOOD

Janice Levenhagen-Seeley reprograms tech.


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