Having consulted with many MF building owners seeking huge energy efficiency rebates and incentives here in California for energy upgrades, I know the challenges these owners (Investors) face.
Here, in California, the rebates and incentives for energy upgrades changes yearly depending upon Utility programs being implemented (usually every 3-5 years), who's Governor, and what the political climate is. As an Energy Analyst for one of the various companies chosen to "audit" these potential buildings for potential Energy Efficiency guidance and potential rebates and incentives, I can tell you they face a difficult decision when it comes to energy upgrades to their buildings and, more importantly, within the units.
Typically, rental unit dwellers are responsible for their own energy consumption in MF buildings. They get the utility bills in their name. So why would a Landlord care how energy efficient that unit is? They’re not paying the bill. The benefit to the building owner comes when there are large-scale upgrades to centralized systems such as water heating, communal space lighting, laundry rooms, etc. Items in which they pay the bill.
So how to get owners of MF buildings to go into the units anyways? To boost energy efficiency efforts within the units regardless of who’s paying the bill, some programs will incentivize “in-unit” upgrades almost 100% in order to address in-unit consumption as well as total building consumption.
It would be great if owners and investors could see past the low hanging fruit; low-flow aerators, and CFLs and see the additional benefits of “greening” their buildings on a larger scale. Green buildings (more energy efficient) last longer, sell for more, are more desirable to tenants, and show the community a dedication to healthier, more energy efficient environments.
In the end, we’re all in the Indoor Environment business as Investors. Wouldn’t you want you and your family to enjoy an indoor environment that is less toxic, promotes health and safety, and has less impact in the environment? Me too.
Kevin Beck
Consultant
