Whether you are a renter, homeowner or landlord, just about everyone has heard that switching out your old light bulbs, turning off lights, lowering the thermostat, etc might save you a little money on your energy bill. Renters can usually find easy, non-permanent energy saving solutions like switching out the shower head for one that has low-flow water-saving features. But, if you are the property owner much more can be done according to a recent report by CNT Energy and the American Council for an Energy-Efficient Economy.
“We have billions essentially sitting untapped in our apartment buildings. We can harness that by simply setting better policies for efficiency for apartment buildings,” said Anne McKibbin, CNT Energy policy director and coauthor of the report.
Improving the energy efficiency of multi-family buildings like apartments can save money for the building owners and also for the renters themselves. Things like an outdated water heater, older toilets flushing 3 gallons each time… or even that refrigerator from 1972 that came with the apartment can really add up when the renter gets their energy and water bills. Sometimes, that can even cause tenants to start looking for a new place to call home. So, renters, if you are living with some not-so efficient appliances and plumbing fixtures, you may think about using this information to encourage your landlord to make some necessary upgrades.
There are plenty of energy saving upgrades that are fairly inexpensive and can actually put a little back in the pocketbooks of renters and property owners. For example installing an energy efficient tankless water heater can offer a great deal of savings on your energy bill. There are often generous rebate intensives offered by energy companies and some states that can make the decision to upgrade much easier.