|EPA needs mandates to require energy efficiency lighting systems and weatherization for rental properties, condos, and low income housing.|
Share your opinion with other supporters!
Energy use in multifamily buildings can be reduced substantially, with many cost-effective upgrades achieving savings of 15–30% in buildings with five or more residential units. At 2010 national average energy prices, the full expansion of these efficiency upgrade programs would translate into annual utility bill cost savings of almost $3.4 billion for the multifamily sector, nationwide. Multifamily building owners are among the first to feel the squeeze of rising energy prices. As energy bills rise, upward pressure is put on rents, financial institutions become increasingly concerned about risk to their loan portfolios, and tenants continue to demand comfortable homes. Energy efficiency upgrades provide a solution by improving the bottom line for multifamily building owners, decreasing pressure on rents, decreasing financial risk and improving tenant comfort. Consequently, building owners nationwide are looking for ways to improve the efficiency of their buildings.