Bank hopes to sell security instruments backed by energy saving retrofits
In the short run there will be increased scrutiny of past retrofit projects comparing actual energy usage against the projected energy usage stated by the design professionals who designed the system. In the long run, design professionals are likely to benefit from the availability of increased financing for retrofit projects. Projects financed by the sale of security instruments deriving their revenue from the savings of retrofit projects may open up a whole class of plaintiffs (security instrument owners) against design professionals. We will monitor this effort and report on developments.