This post, a part of five part series on green building regulation looks at the anatomy of green building regulations identifying three main types of regulations, which are command and control, in other words building codes and such; financial incentives, like tax breaks; and non-financial incentives such as increases in floor to area ratio, building height or density for building green.
Here we present five green retrofits electricians should pitch to drive business: energy management systems and monitoring devices, relamping, solar photovoltaic (PV) systems and wind turbines, daylight harvesting, and HVAC retrofits.
In the coming years, electrical contractors will transition into “energy contractors” to support the fast-growing green construction market. There has been a revival of interest in the electrical trade as home owners and corporations adopt alternative methods (e.g. solar, wind, etc) to power buildings. What’s driving this? Federal incentives, lower material costs and savings from reduced energy spending.
The U.S. Green Building Council predicts that green building will support 7.9 million U.S. jobs and pump $554 billion into the American economy. They found that the green building sector generates $2.6 trillion in annual revenue, employ approximately 14 million people, come from 29 industry sectors and include 46 Fortune 100 companies