Green Retrofits Turn a Profit Corporate Office Properties Trust is getting
$13 million in energy efficiency upgrades to some of
its buildings
in the Washington area but will not need to pay anything
more than it always paid for upkeep.
The company's contract
with Transcend Equity Development Corp. represents a
novel approach to energy conservation and the bottom
line.
"We're completely driven by making a good
business case for the efficiency," said J. Stephen
Gossett Jr., Transcend Equity's vice president. "When
people are getting killed at the gas pump, they pay a
lot more attention to all kinds of energy. The higher
energy costs are, the more valuable the energy savings
we create."
