Lighting Tops Energy Efficiency Upgrade in Noesis Survey

Noesis, the tech-enabled lending marketplace for financing energy-saving commercial building improvements, today announced an energy project trend report. Based on data mined from more than 1,300 projects  on the Noesis platform that are valued at over US $500 million, lighting is the most common upgrade for commercial building owners.

With over 650 lighting projects on the Noesis platform, the frequency of lighting upgrades is increasing year-over-year, making it the fastest growing energy saving technology sold by the Noesis network of over 200 vendors and distributors.  This can be attributed to key benefits including simple and inexpensive implementation, short payback period and a strong rate of return. 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.  

“As America’s infrastructure continues to age, energy saving upgrades will play an increasingly important role in reducing costs,” said Scott Harmon, chief executive officer, Noesis. “Noesis is seeing several states emerge as highly active and we expect to see this trend spread nationwide over the next few years.”

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.

Though lighting is the most prominent energy saving upgrade, building automation / controls tend to yield the highest internal rate of return (IRR) for commercial building owners. The average IRRs 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%

Noesis provides third-party investment and risk analysis, turnkey financing options and sales automation tools to help its partners grow their business and complete more projects.

For more information on Noesis, please visit www.noesis.com.

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