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.
POPULAR CHOICES:
Commercial Multi-Service Solutions
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Commercial Multifamily Properties
Customized energy saving solutions for multifamily buildings or complexes with five or more units. Comprehensive energy assessments, assistance with energy upgrade projects, and incentives and financing for energy efficiency upgrades.
Save energy throughout your multi-family building’s common areas and apartments. ...
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Energy Opportunities
Energy experts help you minimize energy costs. Upgrade inefficient, functioning lighting, HVAC, chillers, motors, controls, water heaters and commercial cooking equipment to high-efficiency alternatives and get incentives of up to 40 percent of installed costs, “Express rebates” for common equipment and zero- or low-interest rate financing.
Financial incentives and low-interest financing for replacing inefficient equipment....
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Small Business Energy Advantage
Utility-authorized contractors perform a no-cost, no-obligation energy assessment (audit) of your facility’s lighting, HVAC and refrigeration systems. Customized recommendations show energy and money saved by upgrading to energy-efficient equipment. Saving is easy with installation managed by the contractor, incentives, and low-interest on-bill payment plans.
Free energy assessments, financial incentives and low-interest financing for small businesses...
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Energy Conscious Blueprint
Design energy-efficient electric and natural gas efficiency into your building with technical assistance and financial incentives for energy-efficient lighting, HVAC, building envelopes, refrigeration, water heating, process equipment, and whole-building performance. Find out about Sustainable Office Design and becoming an Energy Modeling Partner.
Financial incentives to help design and build for energy efficiency....
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Operations and Maintenance
Realize lasting benefits. Financial and technical assistance is provided to improve your facility’s electrical and thermal efficiency through operational changes and repairs rather than capital investments.
Financial and technical assistance to improve the efficiency of electrical and gas equipment....
Rebates and Instant Discounts
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Express Service and Instant Lighting Rebates
ENERGY STAR®- certified commercial light fixtures use up to 75 percent less energy and last 10-50 times longer than incandescent lighting. Participating distributors offer instant rebates $5 to $180 per qualified energy-saving light fixture.
Fast and convenient rebates of $5 to $180 per qualified energy-saving light fixture....
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Cool Choice Rebate
Install a qualifying high-efficiency air conditioning or heat pump systems and get a rebate of $50 to $150 per ton. Save electricity and cut energy costs in your business!
Cash in on cool savings with rebates of $50 to $150 per ton for high-efficiency HVAC....
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Commercial Clothes Washer Rebate
Thanks to the latest cutting-edge features, ENERGY STAR®-certified commercial clothes washers provide some of the best laundry performance possible. Better yet, they lower your energy and water costs. Save even more with a $200 rebate for each qualifying machine!
Clean up and save $200 on qualifying ENERGY STAR® commercial clothes washers....
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Natural Gas Heating Equipment Rebate
High-efficiency natural gas furnaces and boilers can achieve an AFUE or thermal efficiency of up to 98 percent, compared to 70-80 percent with conventional equipment. Save even more with rebates of up to $850 per qualifying unit.
Rebates of up to $850 per unit for qualifying high-efficiency natural gas heating equipment....
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Natural Gas Infrared Heater Rebate
Reduce heating needed to maintain comfortable temperatures by 15 percent with low-intensity natural gas infrared heaters. Energy-efficient qualifying units are eligible for rebates of $500 to $850.
Rebates of $500 to $850 for qualifying energy-efficient natural gas infrared heaters....
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Natural Gas Water Heating Rebate
Commercial water heaters can account for about 16 percent of the total energy load in food service and health care facilities and more than 30 percent in hotels. Upgrade to a higher-efficiency water heater for recognizable energy savings and receive incentives of up to $5.00 / Input MBH.
Rebates for high-efficiency storage or on-demand natural gas water heating equipment....
Financing
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C-PACE
With Commercial Property Assessed Clean Energy (C-PACE), you can increase your bottom line while lowering your energy costs.
Affordable Financing for Energy Projects...
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C&LM Financing-Small Businesses & Municipalities
Small businesses and municipalities may qualify for interest-free loans for up to $100,000 for energy-efficient improvements. Utilize on-bill payment options with repayment terms up to four years.
Interest-free loans for up to $100,000 for energy-saving and demand-reducing projects....
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Low-Interest Loans for Commercial & Industrial Customers
Loans ranging from $2,000 to $1 million for Commercial & Industrial Customers to upgrade or replace existing electrical or gas equipment with qualifying high-efficiency electrical or gas equipment. Subsidized low-interest financing offered on the first $100,000 of the loan. Repayment terms up to 60 months.
Low-interest electric & natural gas energy efficiency loans with up to 5 years to pay....
