Which of the following groups is less likely to perform energy retrofits?

Small residential apartments are less likely to perform energy retrofits primarily due to several practical limitations and considerations compared to larger institutional entities like hospitals, offices, and schools.

Firstly, the funding and resources available to small residential apartment owners are often limited. Unlike larger facilities, which may have dedicated budgets for upgrades or access to financing options specifically tailored for energy efficiency improvements, smaller residential units typically operate on tighter profit margins. This can disincentivize owners from investing in retrofitting solutions that require significant upfront capital.

Moreover, the decision-making process for energy retrofits in small residential apartments can be complicated. Frequently, these units are rented rather than owned, meaning that the responsibility for making energy improvements might not lie with the landlord or property owner. Tenants may feel little incentive to pursue retrofits if they don’t benefit from reduced utility costs in the long term, leading to a lack of initiative for upgrades.

Additionally, many small residential properties may not have the same level of infrastructure or the requirement for energy efficiency standards that larger buildings have. For instance, hospitals and schools often face regulations and mandates that encourage or require them to pursue energy efficiency initiatives, making them more proactive in implementing retrofits.

In contrast, hospitals, offices, and schools generally have