Multi-Family Properties

Energy costs can significantly impact a multi-family property’s operating budget. Pepco offers cash incentives and solutions on energy-efficient improvements that can trim costs and raise the appeal of your property for years to come.

Energy costs represent the single largest controllable cost in an apartment community–typically accounting for 25 to 35 percent. Reducing energy use by 15 percent in a typical 250-unit master-metered community will increase net operating income, and can enhance asset value by over $1 million (using a 6 percent capitalization rate). In a similarly sized individually metered community, this same savings may increase asset value by over $200,000 annually. Energy-efficient improvements can reduce energy costs which can help trim your overhead—keeping rent competitive. Additionally, these upgrades can increase comfort and curb appeal making it easier to attract and retain tenants.1 Multi-Family Properties Fact Sheet PDF

The benefits of energy-efficient upgrades are numerous

  • Reduce energy and water costs
  • Improve tenant comfort
  • Attract and retain tenants
  • Increase property value
  • Reduce maintenance and extend equipment life
  • Contribute to a more sustainable future

It pays to save

Multi-family properties can take advantage of Pepco’s standard incentives for installing new, energy-efficient equipment. Cash incentives are available to customers planning unique equipment, system and industrial process improvements. If you have energy-saving improvements planned that are not available through other incentive programs offered, you may be eligible for custom incentives. Residential units in multi-family buildings with master electric meters may be eligible for cash incentives.

Pepco pays cash incentives for qualifying energy-efficient improvements, such as:

Multi-family Property Common Areas

Multi-family Property With Master Meter Residential Units
  • Room AC
  • Refrigerators
  • Freezers
  • Clothes Washers
  • Electric Water Heaters
  • Dehumidifier
  • Heat Pump Water Heater
  • Ductless Mini Split AC
  • Ductless Mini Split Heat Pump
  • AHRI Rated Central A/C Units
  • Air Source Heat Pump
  • Ground Source Heat Pump
  • Geothermal Closed Loop Heat Pump

Additional incentive opportunities

  • Operations & Maintenance Training Incentive
  • Technical support and cash incentives are offered to owners and design teams for new construction, major renovation, and building addition projects.
  • Identify energy-efficiency opportunities in your facility and analyze their energy impact and cost-effectiveness. Incentives are available to assist with ASHRAE Level 2 Audits as well.

The new Multi-Family Program, offering Quick Energy Check-Ups and prescriptive incentives for retrofits projects will launch in May 2015. Check back often for updates.

Contact us today if you are planning a project in a multi-family facility:

If you have questions, call or email our customer service office, below, and a program representative will be able to assist you.

C&I Energy Savings customer service: 1-866-353-5798