There’s room for saving energy in multifamily properties.
As the owner or manager of a multifamily property, does it pay to concern yourself with energy savings? After all, most utility costs are paid directly by renters. And by the very nature of their design, apartments are typically less energy intensive compared to single-family dwellings; shared-wall construction reduces exposure to the outside elements, so less energy is required for heating and cooling.
But PGE will show you that saving energy makes good business sense for apartment owners and managers. In many cases, after mortgage payments and payroll, utility costs are often one of the biggest expenses for multifamily properties.
By incorporating energy-saving measures you can help control your own direct costs, create a more valuable, desirable property and — most importantly — attract and retain tenants. PGE is ready to assist. See our energy efficiency brochure (PDF*) for property managers.
Why make energy improvements?
Boosting the energy efficiency of your property helps you to:
- Manage energy consumption.
- Reduce the impact of rising energy costs on your bottom line.
- Control maintenance costs.
- Attract and retain good tenants by offering a more comfortable, energy efficient, preferred property.
- Increase property value by reducing operating expenses and tenant turnover.
- Help the environment by using fewer natural resources and reducing your carbon footprint.
What’s consuming the most energy?
In terms of your own direct expenses, common area lighting is probably one of your biggest energy costs. You’ll also want to look at ways of controlling hot water usage, which not only saves energy but can also help you manage water and sewer charges.
Heating and cooling are often a primary concern for tenants; by helping tenants save energy and stay comfortable, you’ll help trim turnover.
Learn more
Find more energy-saving ideas for apartment management in these sections:
*Note: You will need the Adobe® Acrobat® Reader to view and print PDF files. Visit the Adobe Web site for downloading instructions.