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Can the Obama Better Buildings Initiative Work?

TEANECK, NJ-New Jersey’s energy conservation program is ahead of the curve, but measuring success—and failure—remains a challenge, one executive says.

By Debra Hazel | Updated on April 18, 2011

TEANECK, NJ—With commercial buildings consuming some 20% of all energy in the US economy, it makes sense that leaders in Washington would suggest energy conservation to improve business. And the “Better Buildings Initiative” announced by President Barack Obama in February is part of a plan that calls for making buildings 20% more efficient by the end of the decade.

To do so, the President’s budget calls for Congress to change current tax deductions for building upgrades to a more generous credit, financing for retrofits and allocating more grants to states and municipalities. The question may be: “How will we know it’s been done?” says one New Jersey-based energy executive.

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