This article highlights the benefits of energy and water efficiency for property owners, emphasizing cost savings, increased property value, and environmental impact. It explores various resources available to assist owners in upgrading their properties, including rebates, grants, and energy audits.
Whether you are allowing someone to lease property or living in it yourself, optimizing for energy and water efficiency still makes sense. Although programs offered by the U.S. Environmental Protection Agency exist, some owners are still slow to adopt energy and water efficiency, especially if they are not paying the utility bill. Yet this can be an easy way to increase the property’s value while doing something good for the environment.
If the concern is about the cost of purchasing the equipment, the EPA provides a rebate finder tool to help locate rebates to help purchase. Plus, North Carolina State University funds the database of state incentives for renewables and efficiency. Simply enter the respective zip code and the site generates a list of loans, rebates, grants, and other resources. Locally, your utility provider or other organizations may provide rebates. Call your utility provider to see if this is something that they do. Maybe the concern is that the owner is leasing the facility and is not paying the utility bill. For those new in this area, utility bill savings provide an opportunity to realize operational savings. In many cases, tenants don’t pay water costs, which are paid by the owner. Installing water efficient equipment definitely will help the operation costs of properties. Common energy costs like hall lighting and air conditioning for multifamily facilities provide opportunities to save as well. The best way to identify these opportunities is to conduct an energy audit. An energy audit is a professional audit of your facility to find opportunities to save energy and water. Some utility companies, such as XYZ, provide energy auditing services. The savings from upgrading properties for energy efficiency benefit everyone. According to a 2024 EPA report, as part of the Energy Star program, energy efficient buildings have sale prices 1% to 31% higher, rental premiums are 3% to 16% higher and occupancy levels are 10% highe
ENERGY EFFICIENCY WATER CONSERVATION PROPERTY VALUE ENVIRONMENTAL SUSTAINABILITY REBATES
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