Tenants come and go. When you have vacancies, it’s a perfect time to make energy-efficiency improvements. Not only will these improvements save energy and money, but they’ll increase the value of your properties and make your apartments more attractive to future renters. Here are some low-cost, energy-saving measures you can take.
1. Install water-efficient fixtures
Water and water heating is a major expense for tenants and building owners. Low-flow showerheads and faucet aerators reduce water consumption while maintaining a comfortable flow.
2. Switch to LEDs
Upgrade overhead lighting and track lighting to high efficiency LEDs. LEDs use 75% less energy than conventional incandescent lamps and last much longer. LEDs also produce high-quality light, putting your properties in the best light possible.
3. Seal windows and doors
Check windows and any exterior doors for gaps or cracks that may let air escape. Seal these gaps with caulking or weatherstripping. It will save energy and increase comfort.
4. Upgrade your thermostats
Heating and cooling are the largest energy users in multifamily buildings, and adjusting temperatures is the most effective strategy for saving energy. Install Wi-Fi programmable thermostats in your apartments. Your tenants will appreciate the savings and the convenience of advanced features such as remote control.
If you have older appliances, consider replacing them with new ENERGY STAR®-certified units. ENERGY STAR appliances use less energy and water than standard products; they also make great selling points for potential tenants.
Consider an energy assessment or audit of your properties. A qualified energy professional will inspect your properties and evaluate your energy use and recommend the most effective cost-saving strategies.