Multifamily Energy Audits
Apollo Assist Multifamily Energy Audit
Helps Improve Your Home’s Comfort!
Why Get An Energy Audit?
The "Apollo Assist Multifamily Energy Audit" is 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. Make sure you asks us how to qualify.
Energy Audits for Efficiency Upgrades
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.
Leveraging Available Financing
Financing can help you pay for the upgrades. Therefore use one of the most popular financing options. That is, Property Assessed Clean Energy (PACE).
Commercial PACE programs fund energy efficiency, renewable energy, water efficiency, and seismic improvements for multifamily properties.
Additionally, once the upgrade is complete, financing is repaid on property taxes for up to 30 years. However, payments will begin after 12-18 months. Because of this, you have a minimum of 12 months' worth of savings before you have to service the debt. However, there are other benefits to making these upgrades the right way.
Rental Rate Increases
For instance, rental rates can be increased. In a rent control zone, a willing tenant can exit the current agreement and enter into a new agreement. This work-around to raising rental rates is a win-win if the tenants is also benefiting.