Make your multifamily property more competitive with energy efficiency upgrades
Last May, a research team at the American Council for an Energy-Efficient Economy (ACEEE) found that when energy efficiency information is provided, renters select the most efficient listings 21% more often and, coincidentally, the least efficient option 21% less often. They also discovered that some renters were even willing to pay more in rent for more efficient properties! This makes energy efficiency a great way to differentiate your property in an increasingly competitive market. Even so, some property owners are hesitant to invest in energy upgrades today. It’s understandable—given inflation rates and market uncertainty due to the pandemic. But the Multifamily Energy Savings Program (MESP) is here to help. We recognize the unique opportunity multifamily homes play in building energy-resilient communities and how multifamily property owners can help lead that initiative.
For this reason, MESP provides special rebates and cash incentives for energy efficiency projects to PG&E® customers with a minimum of five units at their properties.