Current literature review on the cost of sustainable retrofitting in the South African Building Industry regarding a misconceptions amongst stakeholders with regard to the cost of energy retrofitting; the circle of blame; cost of energy versus conventional retrofitting; the Government's role in development frameworks and incentives as well as findings and recommendations made. Practical Relevance: The built environment's large carbon footprint requires existing buildings to be part of future green strategies. Stakeholders' misconceptions on cost of energy retrofitting may hamper progress and should be addressed. Methodology: A thorough review of approximately 56 sources, consisting out of journals, books, articles, reports and internet articles was researched over a period of 10 months. Findings: Through research done it was clear that there is lack of information resulting in misconceptions on cost of energy retrofitting, the "Circle of blame" is strengthening such misconceptions, energy retrofitting is costlier than conventional but acceptable returns on investment is often possible, lack of Government prescriptions, funding and incentives do not stimulate energy retrofitting.