U.S. plans one more step ahead to cut down the energy consumption. A group of businesses including Lockheed Martin and Barclays bank push the plan forward by investing as much as $650 million which will span over next few years, to minimise the energy consumption of buildings in the Miami and Sacramento areas.
The project touted as the most challenging and the most inspirational, is yet to start. According to the experts, the project will trigger the national market for energy upgrades and will eventually save billions.
The syndicate plans to first concentrate on old, commercial properties. The group also plans to take advantage of a new tax arrangement, a tax which allows property owners to upgrade their buildings including installations of solar panels onto the building or the property, at no visible cost which will eventually cut the energy use and utility bills by about a third. The law allows the building owners to pay for the upgrades over five to 20 years through surcharges on their property-tax bills which would be less than the savings.
State and city officials are extremely positive about the future benefits of the way that will tackle one of the nation’s and world’s major energy concerns.
This enthusiastically active group willing to help cutting down the energy usage was formed by the ‘Carbon War Room’ a nonprofit ecological group based in Washington set up by Richard Branson. The group will contribute to tackling world’s climate and energy problems in cost-saving ways.