Given the boom in the demand of affordable housing units in the US, multifamily investors are presented with a challenge of reducing energy consumption and slashing the energy bills in the apartments. An energy-efficient multifamily unit not only acts as a tenant and buyer magnet, but also helps in reducing carbon footprints to promote the initiative for an eco-friendly future. However, the task of achieving an energy efficient multifamily unit needs to go simultaneously during the initial construction phase and not afterwards.
That being said, the blog post discusses a few hacks that investors could consider for building energy-efficient multifamily units. Take a look.
1. Investing in Cool and Green Roofs
Multifamily occupants are often troubled by inflated energy bills, and investors can address the concern through cool roofs during the initial phase of construction. Cool roofs repel exterior heat of the sun, maintain a comfortable indoor temperature and ensure the HVAC equipments are not overworked. Moreover, building green roofs also offer similar benefits with an additional advantage of curbing greenhouse emissions. Additionally, reflective coatings can also restrict heat flow in the building and keep a tab on AC costs, which is bound to reflect as energy savings.
2. Installing Programmable Thermostats
Thermostats are also an efficient way to reduce energy bills in multifamily units. Investors can direct multifamily building contractors to install programmable thermostats, that can allow the occupants regulate heating and cooling levels. In fact, increasing the thermostat setting by two degrees and using ceiling fans throughout the multifamily estate can slash energy consumption by up to 14 percent. The best part, thermostats are not a super expensive investment and installation points can be selected in the construction phase of the project itself.
3. Installing Solar Water Heaters
Where electric geysers can pinch the pockets of multifamily occupants, installing solar water heating units on the roof can provide the much needed respite from exorbitant energy bills. Such units collect the solar energy, transfer it to the water tank, so that occupants can save a significant amount that goes otherwise as heating costs. Though initial investments occupy a high price point, the maintenance costs are fairly low and warranties typically last for up to 10 years or even more.
4. Investing in LED Lightings
Incandescent CFL and LED lightings can cause a significant difference to the energy bills in multifamily properties. In fact, using halogen lamps can cause a 25 percent reduction in the energy bills whereas CFLs can be used for up to 75 percent savings in the energy bills. However, investors should emphasize more on LED lightings which offer similar cuts in energy bills; however, and do not have a worsening impact on the environment due to leakage of harmful toxins.
5. Installing Energy Star Rated Systems
Installing energy efficient appliances, especially those with energy star ratings can cause almost a 30 percent drop in the energy bills. Therefore, investors should consider installing energy efficient appliances during the initial phase of the multifamily project.
The Bottom Line
Though multifamily units have transformed urban living, they have also posed environmental challenges that needs to be addressed before the execution of the project. However, investors can seeks assistance from multifamily building contractors and invest in renewable modes of energy that possess the capability of self-sustaining the multifamily units, generate less waste and cut down the risk of environmental damage as an additional advantage.