Empire State Building Saving $4 Million with Windows Upgrade | Steadfast Finances

Empire State Building Saving $4 Million with Windows Upgrade

Filed in Behavioral Economics , Energy Conservation , Green Living 0 comments

Love to see stories like these.

Buildings in New York City represent 80% of the energy consumed there. The total renovation project [replacing aging windows with energy star rated windows] at the Empire State Building is going to save over four million dollars a year. — Planet Forward

What many people fail to realize is that ignoring energy costs, via a lesson in behavioral economics, is essentially punishing their “future self.”

Meaning, by avoiding the pain of spending a large lump sum of money today, you’re going to take a bigger cumulative monetary hit as time progresses. So by sucking it up and taking the hit in the present, you will be able to save more money over the long term.

If you enjoyed this post, make sure you subscribe to my RSS feed!
Posted by Corey   @   1 February 2011 0 comments
Tags : , ,

0 Comments

No comments yet. Be the first to leave a comment !
Leave a Comment

Name

Email

Website

Previous Post
«
Next Post
»