Housing Renovations

Housing Renovations. Developers and households can incorporate relatively simple efficiency improvements in homes to reduce energy consumption and costs. Projects encompass either new construction or renovation of existing homes by installing energy efficient and renewable energy fixtures for heating, cooling, and lighting; improved insulation and water efficiency; and use of sustainable building materials, such as certified timber. Finance for sustainability projects in the housing sector is a promising market for financial institutions (FIs) as demand for housing and energy continues to rise. IFC has unique products and technical expertise to help them access it.

What does the market look like?

Rising demand for affordable housing and energy:More than two billion people will be added to the growing global demand for housing, energy, and urban infrastructure over the next 25 years. Energy demand in the housing sector can represent as much as 50% of a country's total energy consumption, increasing costs for households in many countries Making room for efficiency is critical.

Large potential for energy efficiency in housing:Energy efficiency improvements are increasingly economical and have large potential for application in existing residential housing blocks and individual family homes. Activity in some developing countries is also focused on construction of sustainable housing (e.g. South Africa).

For more information about our work see Sustainable Energy Finance or contact us.