Energy efficiency upgrades will differentiate a property to appeal to the large demographic of prospective residents who demand green products, services, and housing. At the same time these measures will also reduce vacancy rates, turnover, and utility costs while increasing resident comfort and property values. Energy costs will continue to rise over the coming decade, and local, state, and national jurisdictions are adopting stringent building codes to satisfy energy reduction goals. Properties that take advantage of these incentives to increase whole building energy efficiency can profit from improved occupancy rates and greater asset value. To date, many properties have made energy upgrades through the EUC MF program and received an average incentive of $623 per unit.
For more information, review the following case studies of projects that have completed significant energy efficiency upgrades to increase NOI and improve resident satisfaction.
Grand Villa Apartments • Escondido, CA
Juniper Gardens • San Diego, CA
Los Robles Apartments • Vista, CA
Manazinta (Formerly Cypress Cove), Escondido, CA
Peppertree Apartments • Spring Valley, CA
Poway Villas • Poway, CA
Orange Gardens • Poway, CA
Sorrento Tower • San Diego, CA