Investing in Energy Efficiency: Financing Options for Multifamily Property Owners


The San Diego economy is improving which means low vacancy rates in San Diego* and increasing property owner confidence in addressing years of deferred maintenance.  Whether it be a new roof or an upgraded HVAC equipment, property improvements trigger an opportunity to make energy upgrades and to add to your renovation budget with SDG&E Energy Upgrade California® Multifamily program incentives!
 
Plus, you can take advantage of other energy upgrade resources such as financing, grants, etc. to optimize your upgrades. Please see a summary of the finance programs, grants and rebates, tax credits and additional resources available to assist you in including energy efficiency upgrades in your property renovation plan. Follow these links for further details and requirements:
   
Oftentimes, financing early replacement of equipment, coupled with incentives now, may prove to be more cost-effective than waiting until a scheduled replacement of equipment or measures.  Consider this case study of a two-story, four building, 77-unit style apartment community — the management team compared the value of A) replacing the window and roof today, taking advantage of energy efficiency incentives, versus B) waiting six years until the scheduled replacement. Our findings may surprise you - Our calculations showed an annual decrease in utility costs of $9,572.75! 
 
The addition of energy efficiency upgrades to your overall renovation plan can improve your property’s performance, increase your overall property value and bolster your return on investment (ROI).  Lower utility costs and increased resident satisfaction will result in fewer complaints, costly turnovers and unwanted vacancies.
 
The Energy Upgrade California® Multifamily program incentives and some of the financing options are limited — so it is never too early to start the conversation! Contact us at 866-352-7457 to learn more.
 
* The San Diego County Apartment Association’s Spring 2015 Vacancy and Rental Rate survey indicates a 4.1 vacancy rate.
 


Case Study: PepperTree Apartments
 

Peppertree Apartments, located in the city of Spring Valley just east of San Diego, was an existing market-rate project originally built in 1985. Wasatch Advantage Group acquired the 13-building, 104-unit property in 2014 and began an extensive renovation to reposition the community to serve low income seniors in a submarket currently lacking affordable housing.



Follow this link for the detailed case study.

 






 

Title 24 Part 6 Essentials - Residential Standards for Energy Consultants
9/22/15
8:30 am - 4:00 pm

SDG&E Energy Innovation Center
 MORE INFO 

How to Apply For Energy Star® Certification
9/22/15
10:00 am - 11:00 am

Webinar
 MORE INFO 

Title 24 Part 6 Essentials - Residential Standards for AC Quyality Installation
9/29/15
8:30 am - 2:30 pm

SDG&E Energy Innovation Center
 MORE INFO 

Energy Star® and Green Building Rating Systems
10/13/15
11:00 am - 12:30 pm

Webinar
 MORE INFO 





San Diego County Apartment Association
858-278-8070
 MORE INFO 

San Diego Housing Federation
619-239-6693
 MORE INFO 

California Apartment Association: San Diego Chapter
619-239-6693
 MORE INFO 



SDG&E Home Energy-Efficiency Rebates
SDG&E rebates to make purchasing energy-efficient products more affordable.
Products include: refrigerators, washers, water heaters, and more!

 MORE INFO 
 
SoCal Water $mart Rebate Program

Rebates available for indoor and outdoor products.
Products include: high-efficiency washers, toilets, and irrigation controllers.

 MORE INFO 



 
We can qualify your property in one short phone call.  Call today 1-866-352-7457.