Multifamily housing is a crucial part of the real estate landscape, particularly in Pennsylvania, where urban centers like Philadelphia and Pittsburgh host numerous multifamily dwellings. To support these properties in becoming more energy-efficient, Pennsylvania offers various commercial rebates and incentives. These initiatives not only help property owners save on utility bills but also contribute to creating healthier living environments and reducing the carbon footprint. In this article, we’ll explore the commercial rebates for multifamily housing in Pennsylvania, including the popular Pennsylvania MUD Rebates and other multifamily housing rebates available to property owners and managers.

Commercial Property-Assessed Clean Energy (C-PACE) Financing

One of the most innovative financing tools available for multifamily housing in Pennsylvania is the Commercial Property-Assessed Clean Energy (C-PACE) program. C-PACE financing assists commercial property owners in funding energy efficiency, water conservation, clean energy, indoor air quality (IAQ), and resiliency projects. This program is available for new and existing multifamily properties with five or more units.

C-PACE financing provides numerous benefits, including:

• Utility Bill Savings: By implementing energy-efficient measures, property owners can significantly reduce their utility expenses.
• Healthier Indoor Conditions: Enhancements in indoor air quality create a more comfortable and healthier environment for residents.
• Resiliency Improvements: Projects can also focus on improving stormwater management and protection against flood, fire, and wind damage.

Philadelphia Green Capital Corp and Inclusive Prosperity Capital

In conjunction with the Philadelphia Energy Authority (PEA), the Philadelphia Green Capital Corp (PGCC) and Inclusive Prosperity Capital offer innovative financing solutions tailored for energy efficiency and clean energy projects. These organizations provide guidance and resources to help property owners navigate the process of upgrading their multifamily housing units.

PGCC offers several lending products designed to streamline energy upgrades, including:

• Navigator Pre-Development Loan
• Catalyst Term Loan
• Solar Power Purchase Agreements (PPAs)
• Long-Term Ownership or Debt Capital for Community-Focused Solar Projects
• Solar and Storage Loans

Interest rates for these financing products vary based on the project’s green attributes, such as Energy Star, LEED Platinum, or Passive House certifications. Rates range from 5.5%-7% for projects serving low-income communities and 7.5%-9% for market-rate projects.

Pennsylvania’s Multifamily Weatherization Assistance Program

The Multifamily Weatherization Assistance Program (MWAP) in Pennsylvania provides a cost-effective approach to reducing operating expenses and maintaining affordability for low-income families. The program aims to create healthier and more comfortable living environments in buildings with five or more units.

Weatherization measures under MWAP include:

• Air Sealing: To reduce infiltration.
• Insulation: Attic, sidewall, floor, and foundation insulation.
• Pipe or Duct Insulation: To enhance energy efficiency.

Eligibility for this program requires that 66% of the dwelling units in the building (or 50% if fewer than five units) meet the income eligibility requirement of being 200% below the poverty line. An energy audit, meeting the Department of Energy (DOE) requirements, is necessary for any property receiving weatherization services. The maximum allowable average cost per unit for work completed with the DOE’s Investment Infrastructure and Jobs Act (IIJA) funds is $8,009.

FirstEnergy’s Complimentary Upgrades for Renters and Property Owners

FirstEnergy offers no-cost energy improvements for both renters and property owners in multifamily buildings with five or more units. These upgrades aim to lower energy costs and improve property value.

For renters, FirstEnergy provides a no-cost energy audit that includes instant upgrades such as:

• ENERGY STAR® Certified Light Bulbs
• Smart Thermostats and Power Strips
• Showerheads and Faucet Aerators

For property owners, FirstEnergy offers no-cost energy improvements which can include:

• Custom Recommendations from a Qualified Energy Auditor
• In-Unit Upgrades: LED bulbs, smart thermostats, and more.
• Exclusive Rebates: For air sealing, insulation, and common area upgrades.

Enhancing Multifamily Sustainability

Commercial rebates for multifamily housing in Pennsylvania, such as the C-PACE financing, Pennsylvania MUD Rebates, and the Multifamily Weatherization Assistance Program, provide valuable opportunities for property owners to enhance energy efficiency and sustainability. These programs not only reduce operational costs but also improve the living conditions for residents. Through these incentives, property owners can contribute to a greener future while reaping significant financial benefits. To maximize savings on your multifamily property, contact Incentive Rebate360 for expert rebate management advice. Contact us today by calling 480-653-8180, emailing [email protected], or schedule a call that fits your needs by clicking the button below!