As a landlord, you might think it’s too difficult to make changes to your properties to reduce energy use, or to figure out what changes will really make a difference. Or maybe your tenants are responsible for their own utility bills so you don’t usually have to think about what impact your properties have.
But residential energy use has a big environmental impact. In making the energy to power American homes, 1.2 billion tons of greenhouse gas emissions are emitted annually. Here in Ann Arbor, the residential sector contributes 24% of total community-wide greenhouse gas emissions.
Financing for Rental Housing
Looking to finance energy efficiency improvements in your rental property? Ann Arbor has two loan programs that support rental housing.
Interested in financing an energy efficiency and/or renewable energy project, but don't know which program best suits your property? Fill out this form, and someone will get in touch with you to discuss your options.
Make a Difference
By taking action to reduce the energy use of your properties, you are not only helping lessen their impact on the environment, but you are also helping make them more affordable for your tenants – and ultimately more marketable!
The US Department of Housing & Urban Development (HUD) has identified a number of benefits to making energy efficiency upgrades to rental properties:
- Lower your utility bills for master-metered units.
- Reduce your maintenance needs by upgrading to new HVAC systems or efficient lighting.
- Reduce tenant turnover by improving the quality of your property and the comfort of the space. Tenants will enjoy having lower utility bills, too!
- Increase the property value by being able to offer energy-efficient units.
Did you know you can get notifications from DTE on how your properties are using energy, including receiving shutoff notifications? Sign up for the Landlord Utility Manager tool with DTE.
Find out about the steps you can take – from the simple to the complex – to make your rental properties more energy efficient.
You can also find tools to get the job done, whether you’re doing it yourself or hiring help.