Multifamily Housing
For multifamily housing developers and property owners, investing in clean energy can be an opportunity to access additional funds and incentives, reduce utility costs, and make the property more attractive to prospective tenants. Clean energy measures such as better insulation, more efficient heating and air conditioning, electric vehicles (EVs) and EV chargers, and solar can cut energy costs while making the building healthier, safer, and more comfortable.
The Nevada Clean Energy Fund provides financial and technical resources to multifamily housing properties to realize the benefits of clean energy. Reach out to us at affordablehousing@nevadacef.org about your project. In addition, multifamily properties can find other available clean energy resources below.
Available Resources
Clean Energy Financing
The Nevada Clean Energy Fund provides up to $1 million in low-cost, long-term financing for clean energy upgrades in existing or new construction. Eligible measures include rooftop or carport solar, energy storage, geothermal heat pumps, and energy efficiency, HVAC, and weatherization measures.
Nevada Solar for All
The Nevada Clean Energy Fund's Nevada Solar for All (NSFA) program provides financial assistance (rebates + loans) for solar on multifamily affordable housing properties, as well as free technical assistance and training resources.
Nevada Housing Coalition
The Nevada Housing Coalition (NHC) 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.
Your Utility
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 Southern Nevada Water Authority also offers rebates for water-smart landscaping.
Federal Incentives
Federal rebates for multifamily properties are slated to become available soon including up to $8k for a heat pump, $1,600 for insulation, $840 for an electric range, $4k for an upgraded electrical panel, and $2,500 for wiring. For a limited time, low-income housing projects are also eligible for a 30%-70% solar tax credit.
HUD's Multifamily Utility Benchmarking Toolkit
This comprehensive guide to utility benchmarking for the multifamily sector is organized into three sections:
- Benchmarking 101
- Utility Benchmarking Step-by-Step
- Policies and Programs
It includes links to key resources and requirements, tools and reports, case studies, and FAQs.