Monday, August 20, 2012

Nearly 120 Billion Square Feet of Energy Efficient Housing Expected by 2020

A new report from Pike Research says construction of new energy efficient homes, and retrofits of existing buildings, will increase at a compound annual growth rate of 42 percent between 2012 and 2020.

This is expected to produce 118.6 billion square feet of energy efficient residential space while driving an annual market value of $84 billion by 2020.

Pike Research defines energy efficient homes as properties built to exceed the 2009 International Energy Conservation Code (IECC) by at least 15 percent on a kilowatt-hour per square foot basis.

The report created by Pike Research is entitled, "Energy Efficient Homes." It analyzes the global market opportunity for energy efficient homes, focusing on key market segments such as building envelope improvements.

The National Fenestration Rating Council (NFRC) offers a wide range of educational and training programs designed to help consumers and industry professionals better understand the role fenestration products play in contributing to improved energy efficiency and contributing to the growth of green building and sustainability.

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