Tax Plan to Turn Old Buildings "Green" Finds Favor
A business consortium that includes Lockheed Martin and Barclays bank plans to invest as much as $650 million over the
next few years to
slash the energy consumption of buildings in the Miami and Sacramento areas. It is the most ambitious effort yet to jump-start a national market for energy upgrades that many people believe could eventually be worth billions.
Focusing mainly on commercial property at first, the group plans to exploit a new tax arrangement that allows property owners to upgrade their buildings at no upfront cost, typically cutting their energy use and their utility bills by a third. The building owners would pay for the upgrades over five to 20 years through surcharges on their property-tax bills, but that would be less than the savings.
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10,000 Commercial Green Building Projects Earn LEED
The U.S. Green Building Council reached a new milestone recently with its Leadership in Energy and Environmental Design (LEED) rating system: The 10,000th commercial building project was certified to the organization's standards.
"Ten thousand commercial certified buildings stand as a powerful example that a strong triple bottom line translates to real, tangible success," said USGBC President CEO and Founding Chair Rick Fedrizzi in a prepared statement.
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Military's new campaign: Cutting its energy costs
The U.S. military spent more than $15.2 billion on energy last year, making the Department of Defense one of the largest,
biggest-spending consumers of fuel and electricity in the country, if not the world.
It makes sense, then, that the two previous presidential administrations, Republican and Democrat, have tasked the Pentagon with a new mission: reduce energy use, seek cleaner alternatives, conserve water, curb wastes, construct energy-efficient buildings.
In short: Go green, soldiers, sailors, airmen and Marines. And do so now.
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NYC Green Building Gets $1.25 Million Grant
New York's first green energy, arts and education center just got one step closer to being built thanks to a $1.25 million grant. New York City Council has awarded Solar One, a non-profit organization, the grant to go towards the funding of the city's first LEED-Platinum certified,
energy positive building.
Solar One is an innovative, environmental education organization that provides pubic programs on energy efficiency and renewable energy in the built environment. The council grant will help the organization meet its $10 million goal needed to start construction on the new building. So far, $6.1 million has already been raised for the project.
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