Seattle, a city renowned for its commitment to sustainability, is at the forefront of combating climate change. Recognizing the pivotal role of buildings in reducing greenhouse gas emissions, various incentive and rebate programs have been established to support energy-efficient and environmentally friendly initiatives. Let’s explore some of the opportunities available to property owners and organizations striving to make a difference.

Grants for Building Electrification and Retrofit Programs

The Building Electrification Program, spearheaded by the Washington State Department of Commerce, offers competitive funding to deploy high-efficiency, all-electric buildings. With grants ranging from $50,000 to $1 million, commercial buildings and multifamily properties can embark on the journey towards reducing greenhouse gas emissions and accelerating the path to zero-energy. Similarly, the Green and Resilient Retrofit Program (GRRP) provides funding for energy and water efficiency, emissions reduction, electrification, and climate resilience projects in multifamily properties receiving HUD rental assistance.

Low-Interest Loans for Sustainable Upgrades

Seattle offers various low-interest loan programs to facilitate sustainable upgrades in buildings. The Commercial Property Assessed Clean Energy & Resiliency (C-PACER) Funding provides financing for energy and water efficiency, renewable energy, and seismic upgrades, repaid through a special assessment on the property tax bill. Additionally, the Washington State Housing Finance Commission offers loan programs tailored to non-profit organizations, including the Sustainable Energy Trust Program, which provides loans for energy and water efficiency upgrades and clean energy installations.

Rebates for Early Adopters and Energy Efficiency

Seattle incentivizes early compliance with the Clean Buildings Performance Standard through the Washington Clean Buildings Performance Standard Early Adopter Incentive. Tier 1 and Tier 2 buildings that meet specific criteria can receive one-time incentive payments per square foot. Moreover, utility rebates and incentives provided by Seattle City Light and Puget Sound Energy support electrification and energy efficiency upgrades in multifamily properties, covering up to $400,000 per building.

Tax Incentives to Encourage Energy Efficiency

The 179D Commercial Buildings Energy-Efficiency Tax Deduction, offered by the IRS, provides tax deductions for energy efficiency improvements in commercial and multifamily buildings. Eligible entities can benefit from deductions ranging from $0.60 to $1.88 per square foot, encouraging investments in energy-saving measures.

Upcoming Funding Opportunities from the City of Seattle

The City of Seattle is poised to offer support for audits, engineering design, and emissions reduction projects in private or non-profit owned non-residential or multifamily buildings. With pending budget approvals, these initiatives aim to further enhance sustainability efforts in the city.

Simplify Your Rebate Management with Incentive Rebate360

Seattle’s array of incentives and rebates present unparalleled opportunities for reducing building emissions and fostering sustainable development. By leveraging these programs and embracing environmentally conscious practices, property owners and organizations can contribute to a greener, more resilient future for generations to come.

Navigating the myriad of incentive and rebate programs can be daunting. Fortunately, Incentive Rebate360 offers comprehensive assistance in rebate management and application processes. By partnering with Incentive Rebate360, property owners and organizations can streamline the process, ensuring maximum benefits from available incentives. Contact us by calling 480-653-8180, emailing [email protected], or schedule a call that fits your needs by clicking the button below!