Energy Efficiency Equals Resident Retention via Apartments.com

If you were to ask most property owners and managers if energy efficiency is important to resident retention they would probably say yes! The savings to renters or owners who pay for the energy costs, could be as much as 46%. When resident receives this kind of a break in cost, they are more likely to resign their lease. The problem is that many owners and managers of apartment communities do not know how to implement a plan of action for energy efficiency.

Each year, more than $1 billion in rebates and incentives is available for you to make your income properties more energy efficient and profitable. These are available through federal and state agencies, not-for-profits, and many other sources. To gain this “free money,” you need to consider projects that are not your typical “retrofits”. These would include:

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