Multi-residential property owners understand that fresh paint and new carpet can support marginal rent increases. They do not typically understand mechanical systems so they ignore them along with the potential savings that efficient mechanical systems offer. Addressing these systems can decrease operating expenses significantly and have a far greater positive impact on net operating income than marginal rental increases can. The services of an energy consultant almost always more than pay for themselves when applied to multi-residential buildings, especially those in the hospitality and institutional sectors where building owners generally pay for the energy consumption of their residents.
Energy efficiency ignorance only reduces the profitability of residential real estate investors until they become enlightened to the financial opportunities associated. Unfortunately, most building owners and operators do not know how to effectively invest energy efficiency dollars or even determine the energy efficiency ratings of their existing systems. Property owners consult with relevant contractors for information but each contractor offers an opinion that is entirely biased by his own profit potential. The HVAC contractor says you need a new AC system. The windows guy says you need better windows. The insulation guy wants to spray loose fill in your attics and the solar guy promises dollars from heaven. Few of these contractors even know how long their solution will take to pay for itself and none of them actually know or even considers whether the solution that they propose is the most appropriate or cost effective solution for your building. Without any question, each of these contractors does know exactly how much money he will make if you purchase the solution that he recommends.
Enter stage right Energy Liberty Corporation and we are stealing the show! Energy Liberty Corporation is not a contractor. We do not sell or install the solutions that we recommend. Energy Liberty Corporation is a financial consulting firm that addresses the energy based consideration of multi-residential property owners. We use sophisticated energy modeling and relentless data collection in order to convey to property owners, in financial terms, which energy efficiency retrofits would be most cost effective for their properties considering their properties physical characteristics and financial incentive environment. Many utilities and municipalities offer significant rebates to multi-residential property owners that install energy efficient retrofits. Do you know what financial incentives are available for your multi-residential property? Energy Liberty Corporation does.
