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Energy Efficiency: Benefits to Apartment Owners & Tenants

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Presentation on theme: "Energy Efficiency: Benefits to Apartment Owners & Tenants"— Presentation transcript:

1 Energy Efficiency: Benefits to Apartment Owners & Tenants
Tim Perrin Neil Curtis Vermont Law School July 28, 2010

2 Glossary of Terms Conservation: Turning the light off
Efficiency: Getting the best light in the right location in the most efficient manner Renewable Energy: Lighting the bulb with a renewable energy source (i.e. Wind, Solar, Other)

3 Efficiency: Our most cost-effective energy resource

4 Efficiency Vermont: Who We Are
Nation’s first statewide provider of energy efficiency services Created by the Vermont Legislature and Vermont Public Service Board in 2000 Competitively-bid, performance-based contract managed by Vermont Energy Investment Corp.

5 Efficiency Vermont: What We Do
Technical Assistance & Recommendations Coupled with Economic Analysis Collaborate with Architects / Contractors Provide “Objective Expertise” Financial Incentives & Assistance

6 Efficiency Vermont: How We’re Funded
Through an Energy Efficiency Charge (EEC) on all electric bills Average residential customer ~$2-3 per month Most states have energy efficiency services—typically managed by their electric utility Other programs: charges buried in electric rates

7 Why is Energy Efficiency Relevant
Energy Efficiency Can… Lower Operating Costs Increase Comfort Improve Occupant Health & Productivity Improve Building Durability & Value Reduce Maintenance Issues

8 Performance Issues: Heat Loss

9 Performance Issues: Moisture

10 Apartment Owner Goals = Tenant Goals Maintain building infrastructure
Reliable mechanical equipment Reduce apartment turnover & complaints Tenants can afford paying rent The building doesn’t fall apart Stay warm (and don’t have to call) No need to look elsewhere Reduce housing expenses – Improve sales potential for apartments –

11 The Barrier to Implementation
Apartments suffer from “the split incentive” Landlord owns the building Tenant pays electric, sometimes fuel bills What is the incentive to make changes?


13 Pluck the Low-Hanging Fruit
Compact Fluorescent Lights Stop Uncontrolled Air Movement Programmable Thermostat Low-Flow Showerheads / Faucets Annual HVAC Servicing

14 A Bit Higher Up the Tree Add More Insulation
R-38 in attic, R-19 in walls, R-10 in basement Choose Energy Star® Appliances Use 10-50% less energy than standard model Remove Electric Heat & Hot Water Costs 10-40% more than other heating sources

15 Vermont Fuel Price Report

16 Fruit Near the Top of the Tree
New Energy Star® Windows Heating System Replacement Evaluate Water-Heating Options Resizing of Air Conditioning System

17 Efficiency Vermont: Your Resource for Energy Savings
Home Performance With Energy Star Vermont Energy Star Homes Efficient Appliances / Lighting Technical Assistance

18 Services: Home Performance
Comprehensive Approach Audit and Implementation Certified Contractors Trained by Efficiency Vermont

19 Services: Home Performance
Energy Audit Installation Pre- and post- “metering” Rebates

20 Home Performance Incentives
Measure 1-4 Units 5+ Units Audit & air leakage reduction of at least 10%. Minimum health and safety measures $250 $500 Heating system duct distribution improvements $100 n/a Heating system replacements See HVAC rebates Maximum total Incentive per building $2,500 $7,500


22 Services: Rebate Programs
Lighting “Smart” Power Strips Energy Star Appliances Refrigerator Clothes washer Air conditioner Dehumidifier

23 Multifamily Housing Rebate Application
ENERGY STAR Refrigerator: $150 Rebate!! FREE Water conservation Controlled Ventilation: $110 Rebate!! FREE CFL’s

24 Heating & Cooling Incentives


26 When Is the Best Time to Contact Us
New appliance Renovation Tenant changeover Planned repairs/upgrades Recurring problems Reduce energy costs

27 Questions?

28 _______________________
How to Reach Us… Efficiency Vermont 255 S. Champlain Street Burlington, Vermont 05401 _______________________ (888) Phone

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