The Energy Efficiency for All study focused on eight different states, including Missouri. Missourians seeking to save money, and help the environment in the process may have an answer. The study revealed more than 200,000 multi-family affordable housing units in the state with poor insulation and inefficient windows.
According to Executive Director of National Housing Trust Michael Bodaken, this problem is not isolated to large housing complexes.
“We have a problem of very old, inefficint buildings, and people paying much higher utility bills,” Bodaken said. “If the population, ages, and wages for working Americans remain stagnant, there is a growing need for multifamily rental housing.”
These rental units even include smaller homes rented by one or two tenants. Bodaken said small changes, like adjustments in the types of lights used, could result in billions of dollars in savings.
According to Senior Utility Advocate for natural Resources Defense Council Raya Salter, changes should be viewed as an investment.
“This study estimates that the return-on-investments made on energy efficiency would range from $2.90 to $3.50 for every dollar invested in improvements,” Salter said.
Salter added the real responsibility for change is in the hands of the utility companies, who provide rebates and programs to create relationships with customers.