Investing in energy efficiency can reduce utility and maintenance costs and improve tenant comfort.
Whether you own, manage or plan to build a multifamily dwelling, we can help you develop an energy-saving strategy that makes sense for your property and connect you with funding resources to accelerate return on investment.
Overview
Multifamily buildings use more energy per square foot of living space than single-family homes. This is mainly because more people are using energy-intensive resources like hot water. As energy costs increase along with square footage, it becomes even more important for builders and building owners to make multifamily housing as energy efficient as possible. Renewable energy systems can further deliver important savings to your energy costs.
The good news: energy-saving improvements can reduce energy use in many multifamily buildings by 30 percent1 and improve tenant comfort. The savings can be substantial. For example, reducing energy use by 15 percent in a typical 250-unit master-metered community will increase net operating income and can enhance asset value by over $1 million (using a 6 percent capitalization rate). In a similarly sized individually metered community, these same savings may increase asset value by over $200,000 annually2.
Sources: 1U.S. Department of Housing and Urban Development | 2ENERGY STAR®
How We Can Help
Your Connecticut properties can take advantage of a number of energy efficiency and renewable energy programs funded through the Energy Efficiency Fund and the Connecticut Green Bank. You can benefit from cash incentives, financing options and from the full-service energy efficiency Multifamily program.
To find smart energy options that are right for you, please visit our Find a Solution page, or see a list of popular choices below.
