Multifamily Properties Can Benefit from Energy Rebates and Incentives

By Paul Kerley, Salem Oregon

IntroductionAn experienced Salem, Oregon, real estate professional,

Paul Kerley is the owner and president of Commercial Property Resources, Inc. With a large number of single-family homes and multifamily units in Salem and around Oregon, Paul Kerley commits significant resources to property maintenance and value-driven improvements.

A recent Property Management Insider article explains that it’s getting easier for multifamily property owners to secure funds to help pay for energy-saving improvements in apartment buildings. According to the U.S. Department of Energy, the amount of energy-efficiency funding increased from $3.1 billion to $8 billion between 2008 and 2013.

Multifamily PropertiesThe rebate and incentive process also has been

simplified over the years so property owners can access energy-efficiency funding more easily.

To encourage consumers to decrease energy use, utility companies and other entities around the country offer billions in incentive programs and rebates for energy-efficient materials, including toilets, HVAC systems, and light bulbs. The article notes that money-back programs and discounts can help property owners secure fixtures for a fraction of the normal cost. Installation of energy-saving fixtures further fosters savings through lower energy bills.