Owners of large multifamily buildings could save a collective $350 million annually with a $2.1 billion investment in efficiency projects, a new report shows.

The Building Energy Exchange has compiled a cheat sheet explaining how long various energy-saving projects would take to pay back a landlord’s investment.

Retrofitting Affordability, a blueprint of sorts for the city’s 1.5 billion square feet of large multifamily buildings, identified $2.1 billion worth of improvements and found 78% of them would pay back their investment within a decade through energy savings. More than half have a projected payback time of less than five years.

These energy upgrades could save landlords $350 million
Crain’s New York Business
Read the article here.