For multifamily housing developers and property owners, investing in clean energy can be an opportunity to bring housing costs down and make the property more attractive to prospective tenants. Clean energy measures such as better insulation, more efficient heating and air conditioning, electric vehicles, and solar, can cut energy costs while making the air building occupants breathe healthier and the building more comfortable and safe.
The Nevada Clean Energy Fund can provide financial and technical resources to multifamily housing properties to realize the benefits of clean energy. Reach out to us about your project. In addition, multifamily properties can find other available clean energy resources below.
The Inflation Reduction Act includes the following rebates for multifamily properties serving a certain amount of income-qualifying residents: up to $8k for a heat pump, $1,600 for insulation, $1,750 for heat pump water heater, $840 for an electric range or oven and electric heat pump clothes drier, $4k for an upgraded electrical panel, and $2,500 for wiring work. The Act also boosts solar and other clean energy tax credits. Low-income housing projects are eligible for a 50% solar tax credit. Stay tuned.
NV Energy offers incentives and services to businesses and non-profit customers, including free smart thermostats, solar net metering, EV charger rebates, and discounts on efficient lighting, cooling, and kitchen equipment. If NV Energy is not your utility, reach out to your local utility for info on their programs.
The Nevada Housing Coalition develops strategies and goals to address Nevada’s affordable housing shortfall through community action and policy changes. The Coalition brings together stakeholders, community leaders and the private sector to collaboratively address the lack of affordable housing in the state and advance solutions for all Nevadans.
PACE enables commercial building owners and tenants to access low-cost, long-term financing for building upgrades. Financing is repaid as an assessment on the property's tax bill. PACE is currently available in Las Vegas, Reno, Henderson, and Fernley and forthcoming in North Las Vegas, Clark and Pershing Counties.
ENERGY STAR provides credible and unbiased information about clean energy, including energy-saving checklists and energy benchmarking tools (Portfolio Manager) for commercial buildings.
The U.S. Department of Energy developed a comprehensive suite of tools for accessing, managing, analyzing and sharing building energy data. You can't manage what you don't measure!
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