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The untapped potential in multi family housing
 

The untapped potential in multi family housing

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    The untapped potential in multi family housing The untapped potential in multi family housing Presentation Transcript

    • The Untapped Potential in Multifamily Buildings Memphis & Shelby County Sustainability Summit June 26, 2013
    • The American Council for an Energy-Efficient Economy (ACEEE) Nonprofit 501(c)(3) dedicated to advancing energy efficiency through research and dissemination.  Established in 1980  Focus on end-use efficiency in industrial, building, utility, and transportation sectors  Local, state, and federal policy development, economic analysis, and behavioral programming  Knowledge sharing: conferences, publications, and working groups
    • Multifamily Energy Savings Project • Three-year project to improve the energy efficiency of multifamily housing nationwide • GOAL: Expand the number of utilities offering multifamily energy efficiency programs and increase spending and savings for these programs by at least 25% by the end of 2015 • Focus on building partnerships between the housing community, utilities, and state and local governments www.aceee.org/multifamily-project
    • Presentation Overview 1. The Energy Efficiency Opportunity in Multifamily Buildings 2. The Memphis Opportunity 3. Why Are Multifamily Buildings Untapped? 4. Realizing the Potential for Energy Savings
    • The Multifamily Efficiency Opportunity
    • The Multifamily Efficiency Opportunity The share of households living in multifamily buildings is rising. Source: U.S. Energy Information Administration, Residential Energy Consumption Survey; www.eia.gov/consumption/residential
    • The Multifamily Efficiency Opportunity 32.9% 41.7% 10.1% 12.8% 2.5% Composition of the Multifamily Housing Market 2-4 unit multifamily housing (10.5 M units) 5+ unit market rate rental (13.3 M units) 5+ unit subsidized rental (3.2 M units) 5+ unit owner-occupied (4.1 M units) 5+ unit public housing (0.8 M units)
    • At scale, comprehensive programs can save 30% of natural gas use and 15% of electricity use. Collectively, building owners and tenants spent almost $22 billion on energy in 2009, an average of $1,141 per household. The nationwide potential savings from multifamily energy efficiency are huge. • $3.4 billion per year in savings. The Multifamily Efficiency Opportunity Source: CNT Energy & ACEEE, Engaging as Partners: Multifamily Housing and Utilities (2012).
    • The Multifamily Efficiency Opportunity Source: www.aceee.org/multifamily-project Annual Potential Savings from Multifamily Buildings by State At 15% electricity and 30% natural gas efficiency improvement Tennessee Savings = .7% of total annual residential electricity & natural gas consumption
    • The Multifamily Efficiency Opportunity Source: 2011 American Community Survey, 3-Year Estimates
    • The Multifamily Efficiency Opportunity in Memphis Source: 2011 American Community Survey, 3-Year Estimates
    • The Multifamily Efficiency Opportunity in Memphis 97% multifamily residents in Memphis rent. • Only 7% of renters have their utilities included in rent – creating a split incentive between owners and tenants. Many multifamily residents in Memphis are low income. • 23% (29,534) of multifamily units in the Memphis metro are publicly owned or receiving federal assistance. • That’s the highest percentage of any of the 50 metro areas in our assessment.
    • The Multifamily Efficiency Opportunity in Memphis Nearly half of multifamily buildings built before 1980
    • Source: Gary Pivo, Energy Efficiency and its Relationship to Household Income in Multifamily Rental Housing (2012). The energy efficiency potential of multifamily buildings, especially rental properties, remains largely untapped. • Energy expenditures per square foot in rented multifamily apartments are 37% higher than in owner- occupied multifamily homes and 76% higher than in owner‐occupied single-family homes. • Energy efficiency measures like high efficiency appliances, HVAC systems, and insulation are far less likely to be found in multifamily rentals as compared to any other type of housing.
    • The Untapped Energy Savings in Multifamily Buildings • Multifamily buildings are often overlooked by traditional energy efficiency programs. • 40% of the 50 metropolitan areas analyzed are not served by multifamily energy efficiency programs (including Memphis & Nashville). Source: ACEEE, Scaling Up Multifamily Energy Efficiency Programs: A Metropolitan Area Assessment (2013). Major Metropolitan Areas With One or More Multifamily Energy Efficiency Programs
    • The Untapped Energy Savings in Multifamily Buildings Barriers Faced By Building Owners: • Split incentives • Energy efficiency competes for investment dollars with: o maintenance o tax and water bill payments o landscaping and security upgrades o pest control • Financing needed • Unpredictable payoff • Confusion about available programs & incentives
    • Realizing the Potential for Energy Savings Successful multifamily retrofit programs help to overcome these barriers by providing: • technical assistance • financing • qualified contractors • financial incentives
    • Realizing the Potential for Energy Savings Expand utility customer-funded programs to target multifamily buildings, or provide streamlined information and application process for existing incentives. Residential? Commercial? Is this building…
    • Realizing the Potential for Energy Savings Provide building owners access to whole-building energy usage data to enable benchmarking and energy performance tracking. Include large multifamily buildings in energy benchmarking & disclosure policies. • Current policies that include multifamily buildings: Austin, Boston, DC, New York, Seattle, & Portland* *policy under development
    • Realizing the Potential for Energy Savings Build partnerships to develop and market programs with: • Electric & gas utility energy efficiency programs • Building owners and property management companies • Contractors • Housing advocates and intermediaries • Financial institutions and housing finance agencies • Federal, state, and local agencies
    • Example : Chicago-area program has upgraded over 10,000 units. Joint project of CNT Energy and the Community Investment Corporation Provides building owners: • Comprehensive assessment • Information about utility incentives • Low-cost financing • Construction management • Quality control • Post-retrofit savings analysis 21
    • Remember: Multifamily retrofits are not just about saving energy. Energy-efficient buildings = more comfortable, affordable homes Building owners save on operations & maintenance, and reduce turn-over and vacancy rates. Partnerships between utilities, housing orgs, and governments help to support local workforce development. 22
    • Thank You! Questions? Contact: Kate Johnson kjohnson@aceee.org (202) 507-4039 www.aceee.org/multifamily-project 23