According to Noesis and based on data from more than 1,300 projects on the Noesis platform, lighting is the most common energy upgrade for commercial building owners.
Lighting upgrades were the most frequently proposed project through the Noesis platform, with four times as many proposals than HVAC upgrades (combination of heating, cooling and air handling projects), which ranked second. After lighting and HVAC, the remaining two leading technologies were solar and building automation/controls.
While America as a whole is embracing energy saving upgrades, five states have emerged as leaders. According to Noesis’ findings, California, New York, Texas, Ohio and Illinois have significantly more energy saving projects than any other state.
The average internal rates of return for the projects in the Noesis database by technology are:
- Building Automation/Controls: 44%
- Lighting: 41%
- Heating 28%
- Solar: 23%
- Air Handing: 18%
- Cooling 15%
Photo of office via Shutterstock.