Multifamily Energy Audits
Improving Tenant Comfort and Efficiency Increases Profits
Our Energy Audits
Our Multifamily Energy Audits are explicitly designed for multifamily buildings. The energy audit locates areas that will reduce the annual energy spending for your common areas and rental units.
Additionally, we will help your multifamily building become carbon-free and improve your corporate ESG Reporting. An energy audit is the most sensible first step you can take toward becoming more sustainable.
This also helps you qualify for the §45L Tax Credits. You can get a $2,500 tax credit, per door, by meeting certain requirements. This jumps to $5,000 if you make your property Zero Energy Ready.
Energy Audits for Efficiency Upgrades
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Whether you are a market-rate or affordable housing complex looking to improve the property or work with the U.S. Department of Housing and Urban Development (HUD), you will need an energy audit to help qualify for the Low-Income Housing Tax Credit (LIHTC).
At Apollo Energies, we only conduct ASHRAE Level energy audits, which are the gold standard. Then, we can help manage the upgrades you decide to install in your building. Our recommended upgrades will ensure you achieve the efficiency our consulting services provide. Regardless of the contractors used, we ensure they understand the building science behind installing the upgrades.
Best practices in building science tell us why you want to install one energy conservation measure (ECM) before another or choose a different approach altogether. Installing an ECM must follow a specific sequence, and if not followed correctly will reduce 30-40% of the expected energy savings. Hiring an expert company in this type of work will help you achieve your energy savings goals more quickly.
Subject Matter Experts
The order of the installed improvements is unique to our energy audits and critical to achieving the necessary energy savings. Also, it will list those improvements that are optional. We understand that only some of our clients can afford to install all upgrades at once, so we identify which ones to do first.
Further, to meet the qualifications to acquire major tax incentives our experts can show you exactly what improvements you need.
Are You Ready to Benefit from Some Tax Credits?
Leverage Available Tax Credits
We will help you improve your property to guarantee it qualifies for federal tax credit and deductions. Remember, your return on investment comes from multiple sources. We’ll show you where.
Leveraging Available Financing
Financing can help pay for the upgrades. One popular financing options is the Property Assessed Clean Energy (PACE) program. These are locally approved programs, so they're not everywhere, but they do offer financing that takes about 12-16 months before the first payment is due.
This allows you tike to start collecting revenue before the first loan payment. It also allows you time to secure maybe more favorable financing.
PACE programs are bi-annual payment programs. Loan origination fees include upfront interest, and will appear on your property tax bill. However, payments will begin after 12-18 months. This is what allows you the time to secure more favorable financing.