Multifamily Energy Audits
Apollo Assist Multifamily Energy Audit
Helping Improve Your Home’s Comfort!
Why Get An Energy Audit?
The “Apollo Assist Multifamily Energy Audit” is designed specifically for multifamily buildings. The energy audit locates areas that will reduce the annual energy spend for both your common areas and in 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 towards becoming more sustainable.
Energy Audits for Efficiency Upgrades
Whether you are a market-rate or affordable housing complex looking to improve the property or work with U.S. Department of Housing and Urban Development (HUD), you’re going to 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 buidling. Regardless of who is your general contractor, our consulting services ensures that the upgrades are done correctly so you don’t have to waste time and money having to do the work again.
Best practices in building science tells us why you want to install one energy conservation measures (ECM) before another or choosing 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 a company that are experts in this type of work will help you achieve your energy savings goals more quickly.
Subject Matter Experts
Unique to our energy audits, our experts will create an energy model that shows exactly what improvements need to be made in your building. Also, it will list those improvements that are optional. We understand that not all our clients can afford to install all upgrades at once, so we identify which ones to do first.
Further, our experts can show you exactly what improvements need to be made to meet so you can qualify for major tax incentives.
Leveraging Available Financing
Financing can help you pay for the upgrades. Therefore use one of the most popular financial 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, financing is repaid on property taxes for up to 30 years. However, payments start 12-18 months after the upgrade has been completed. 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.
Are You For Some Tax Credit
Leveraging Available Tax Credits
We will help you improve your property to guarantee it qualifies for federal tax credit and deductions.