Multifamily Housing
For multifamily housing developers and property owners, investing in clean energy can be an opportunity to access additional federal funds, 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 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.
Available Resources
Federal Incentives
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 a 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 30%-50% solar tax credit.
Solar for All
The Nevada Clean Energy Fund (NCEF) received a $156 million Solar for All grant from the U.S. Environmental Protection Agency (EPA) in May 2024. NCEF is in the process of standing up statewide programs that will be available for four years to provide financial and technical assistance to solar projects for low-income households, including multifamily affordable housing.
Nevada Housing Coalition (NHC)
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.
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.
National Clean Investment Fund
The National Clean Investment Fund is a $14 billion program administered by the U.S. Environmental Protection Agency (EPA). Awardees include Community Preservation Corporation and Enterprise Community Partners.
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.