An effective renovation strategy supported by proper financing schemes can solve vital environmental problems such as lowering CO2-emissions and improving air quality. However, although a large variety of financing mechanisms exists and a lot of funding will be available until 2020, not all measures seem to be effective.

This publication is a compilation of studies, which deal with theoretical understanding and empirical solutions, learning about problem spheres, specifying content parallels of social, legal, economic, moral and ethical views on senior issues in society, which are closely related to each other and are interconnected.

This article describes new approach of flexible management of electrical modernization with comparison to standard approach in economic aspects on the example of building complex modernization in Poland.