Searching for more information on energy efficient upgrades that you can make to your rental property? If so, you’ve come to the right place! Energy efficient upgrades will help your tenants to lower their monthly energy costs while increasing the value of your rental property.
Thankfully, these upgrades are cost efficient and something that you can get done this year with minimal investment.
In this article we will break down 5 energy efficient upgrades that you should make to your local rental property.
Install Energy Efficient Appliances
Modern appliances are a savvy investment for rental properties, as they consume significantly less energy than older models. Replacing outdated refrigerators, dishwashers, and washing machines with ENERGY STAR-rated appliances can lead to substantial savings on utility costs. These appliances are designed to use less electricity and water, making them a prudent choice for eco-conscious tenants.
Energy-efficient appliances often come with rebates and tax incentives, which can help offset upfront costs for property owners. These incentives can be obtained by [explaining the process of applying for rebates and tax incentives]. Prioritizing these upgrades in kitchens and laundry rooms can make a substantial difference.
Upgrade Insulation and Weatherproofing
Heating and cooling use a lot of energy in rental properties. Poor insulation and air leaks around doors and windows can significantly impact energy efficiency. Adding or upgrading insulation in walls, attics, and crawl spaces helps maintain consistent indoor temperatures.
Weatherstripping around windows and doors and sealing gaps and cracks prevents air leakage, reducing the strain on HVAC systems. This enhances energy efficiency and improves tenant comfort throughout the year.
Install Smart Thermostats
Smart thermostats are a relatively low-cost upgrade that can yield substantial savings on heating and cooling costs. These devices allow tenants to program temperature settings and monitor energy use remotely through smartphone apps.
Many smart thermostats learn user behavior over time, optimizing energy use automatically. They ensure the HVAC system isn’t running unnecessarily, mainly when tenants are away. By providing this technology, landlords demonstrate a commitment to modern, energy-efficient living standards and the comfort of their tenants.
Switch to LED Lighting
Lighting is one of the easiest and most cost-effective areas to improve energy efficiency. Replacing incandescent bulbs with LED lights is a secure investment, as it can reduce energy consumption by up to 75%. LEDs also last significantly longer, reducing maintenance and replacement costs and providing long-term security for property owners.
Consider installing LED lighting throughout common areas, hallways, and outdoor spaces. Adding motion sensors or timers for exterior lighting further conserves energy while enhancing security.
Consider Renewable Energy Solutions
Although it may require a significant investment, integrating renewable energy sources like solar panels can significantly lower long-term energy costs. Solar panels provide clean energy and increase the property’s appeal to environmentally conscious renters.
Exploring green energy programs through local utility companies can be an alternative for properties where solar panels aren’t feasible. Many programs allow property owners to source electricity from renewable resources without installing solar infrastructure. To explore these programs, you can [explain how to explore green energy programs through local utility companies].
Making rental properties energy-efficient isn’t just an investment in sustainability—it’s a strategic move to attract and retain tenants while lowering operational costs. By focusing on energy-efficient appliances, insulation, innovative technology, LED lighting, and renewable energy solutions, landlords can create environmentally responsible and financially sound properties.
These upgrades reduce energy bills and contribute to a healthier planet, ensuring that both property owners and tenants can enjoy the benefits of an eco-friendly living environment.
If you’re ready to stop the headaches that come from DIY property management, contact our property management team today by calling us at (503) 646-9664 or click here to connect with us online.
