News and Updates

Displaying 1 - 23 of 23

University, NIST Researchers Create Residential Building Models to Evaluate Fairness of Electricity Tariffs

January 1, 2024

The increased adoption of energy technologies like smart meters, solar panels, and battery storage has led to a rise in electricity pricing plans with costs...

University, NIST Researchers Develop Strategy for Cutting Home HVAC Electricity Costs

June 1, 2023

To help reduce electricity consumption and its costs, university and NIST researchers proposed a strategy for controlling residential heating, ventilation, and...

Deciding Whether to Install Solar Panels on Your Home? A New NIST Web Tool Can Help

August 31, 2022

The software analyzes the economic and environmental impacts of rooftop solar technology.

Potential Cost Savings as US Manufacturers Spend Billions on Machinery Maintenance

June 24, 2021

As discussed in NIST AMS 100-18 , the cost of machinery maintenance is not well understood; however, Census data estimates that $50 billion was spent on...

NEW RELEASE: Guide to Sustainable Investment Analysis

March 24, 2021

NIST’s Applied Economic Office released a “ Guide for Environmentally Sustainable Investment Analysis” based on ASTM E3200. This guide presents techniques for...

Resilient Cedar Rapids: Rebuilding Better Pays Off

August 12, 2020

Many cities in the United States have experienced or will experience devastating losses caused by a natural disaster. In the aftermath of a disaster, the...

Evidence suggests that the U.S. Loses Hundreds of Billions to Cybercrime, Possibly as much as 1 % to 4 % of GDP Annually

May 27, 2020

Cybercrime puts America’s competitive edge and economic future at risk; however, there is some debate as to the extent that this activity is impacting economic...

Inadequate Modeling Data Costs Billions to US Manufacturers

February 12, 2020

Modeling data can reduce redundant design and production activities which include an estimated $8.4 billion spent on engineers answering questions and creating...

Manufacturing GDP Returns to Pre-Recession Levels, Employment Remains Down 10 %

January 24, 2020

Each year, the NIST Applied Economics Office assembles a report that examines public data on US manufacturing. The most recent report identified that US...

New NIST Tool for Estimating Manufacturing Industry Costs (Beta version)

January 24, 2020

It might seem that estimating manufacturing industry costs (e.g., total machinery maintenance costs for all manufacturers) would be easy and have a great deal...

New Tool to Account for Uncertainty

January 20, 2020

Cost examinations often run into the challenge of data uncertainty, where variables in the calculation (e.g., price of gasoline) will fluctuate over the study...

NIST Economics Hits the Additive Manufacturing Spotlight

July 23, 2019

In late 2014, the Applied Economics Office (AEO) published NIST Special Publication (SP) 1176 , “Costs And Cost Effectiveness of Additive Manufacturing.” For...

Gas vs. Electric? NIST Says Fuel Choice Affects Efforts to Achieve Low-Energy and Low-Impact Homes

May 23, 2019

If you want to make your home as energy-efficient and green as possible, should you use gas or electric for your heating and cooling needs? Gas is the more eco...

Evaluating Investments in Community Resilience: New Guide Explains How

January 4, 2016

Communities weighing choices for capital improvement projects intended to improve their resilience to severe weather, wildfires, earthquakes, or other types of...

Updating State Energy Codes for New Homes Would Deliver Significant National Savings

September 1, 2015

If every state in the nation adopted up-to-date residential building energy efficiency codes—only 10 states have done so—the energy savings realized over a...

Go Figure: What Is the Most Efficient Design for New Single-Family Home?

May 6, 2015

What is the optimal energy efficiency design for a new single-family house? Two economists at the National Institute of Standards and Technology (NIST) took a...

Custom bird home by Thomas Burke, Wilmington Del.

BIRDS Is for Sustainability: New NIST Tool for Evaluating Building Performance, Trade-offs

October 7, 2014

Designing a building that simply meets local code requirements is not necessarily the optimal way to do it when you consider all the long-term costs. Now...

Updating Building Energy Codes: How Much Can Your State Save?

November 5, 2013

How much in energy and cost savings would your state realize if it updated its commercial building energy codes? You can find out in a new on-line publication*...

States Realize Big Benefits by Keeping Current with Energy Standards for Buildings

February 6, 2013

States that have not adopted the latest energy-efficiency standard for commercial buildings are foregoing an average reduction of almost 10 percent in energy...

Free Online Tool Aids Decisions on Fire Sprinkler Systems for Homes

April 12, 2011

For the many states, communities, new-home builders and prospective buyers now mulling over the pluses and minuses of installing residential fire suppression...

The Buzz on BEES: New Web App Simplifies Use of NIST's Economically Green Building Products Tool

March 1, 2011

A powerful scientific tool for selecting cost-effective and environmentally preferable building products is now available as a free, web-based application...

Announcing BEES Online

February 16, 2011

BEES is now available online at http://www.nist.gov/el/economics/BEESSoftware.cfm ! BEES Online is a next-generation application of the popular BEES (Building...

Evidence Suggests Increased Flow Time Suppressed US Manufacturing Productivity

Between 2005 and 2016, US multifactor productivity declined an average 0.3 % annually. Some debate has ensued about the cause of this decline or whether there...

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