2023
DOI: 10.3390/su15065479
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An Incentives Planning Framework for Residential Energy Retrofits: A Life Cycle Thinking-Based Analysis under Uncertainty

Abstract: Building energy retrofits can reduce emissions and increase cost savings. Some retrofits that can deliver higher emissions savings are not popular due to a lack of economic justifications. Financial incentives can be used to change buyer perception around such retrofits. This study proposes a framework to identify the best-performing retrofit strategies for a given building cluster and the optimal incentive amounts to promote the chosen strategies, accounting for uncertainties, stakeholder priorities, and budg… Show more

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Cited by 2 publications
(1 citation statement)
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“…Zhao et al examined the advantages of energy retrofitting compared to cost benefits, focusing on residential buildings certified under green home standards in the United States [26]. Prabatha et al proposed a framework that offers optimal incentives for different design schemes to encourage energy retrofitting in old buildings [27]. Additionally, Gabrielli et al analyzed sources of uncertainty and risk management techniques in the context of sustainable real estate development, particularly focusing on energy efficiency improvements in Northern Italy using Monte Carlo and sensitivity analysis methods [28].…”
Section: Introduction 1background and Objectives Of The Studymentioning
confidence: 99%
“…Zhao et al examined the advantages of energy retrofitting compared to cost benefits, focusing on residential buildings certified under green home standards in the United States [26]. Prabatha et al proposed a framework that offers optimal incentives for different design schemes to encourage energy retrofitting in old buildings [27]. Additionally, Gabrielli et al analyzed sources of uncertainty and risk management techniques in the context of sustainable real estate development, particularly focusing on energy efficiency improvements in Northern Italy using Monte Carlo and sensitivity analysis methods [28].…”
Section: Introduction 1background and Objectives Of The Studymentioning
confidence: 99%