Michigan Energy Options offers a one-stop energy efficiency program for multifamily property owners. We help you simplify the energy efficiency process with free step-by-step help and rebates from Consumers Energy. Our practical approach will help reduce energy costs by 20-30%, improve cash flow and increase tenant comfort.
How Michigan Energy Options Can Help
You probably recognize that your property isn’t as energy efficient as it could be, which hurts the profitability of your business.
- Most affordable multifamily housing in Michigan is over 30 years old and doesn’t meet today’s energy efficiency standards.
- Fluctuating energy costs can make it hard to manage a property and keep rental prices affordable.
- Under-insulated and inefficient buildings lead to tenant complaints.
Our program makes it easy and affordable to fix this. Our expert staff take the confusion out of the process, providing help at every step. From the first analysis through the construction phase, even verifying energy savings.
Property Eligibility
Customers of Consumers Energy for both natural gas and electricity can receive services at no-cost if 66% of building occupants are at or below 200% of the Federal Poverty Level, approximately $47,700 for a family of four. Other properties may be eligible to receive services at no-upfront cost.
| Household Size | One Person | Two Person | Three Person | Four Person | Five Person | Six Person |
|---|---|---|---|---|---|---|
| 200% of Federal Poverty Level | $23,340 | $31,460 | $39,580 | $47,700 | $55,820 | $63,940 |
Rebates and Financing
Consumers Energy rebate funding is limited and available on a first-come, first-served basis, so act soon. Loans from Michigan Saves with attractive interest rates are also available.
Our Process
*Building assessment and expert advice. Our team will conduct a building assessment that includes an examination of utility bills and a thorough inspection of your property to find where you’re wasting energy, water and money. Your expert energy analyst will help you identify the most cost-effective investments for your building. This service is available at no cost for many buildings.
*Financial guidance. Michigan Energy Options partners directly with lenders and the utility companies to help you connect with low-cost financing options and take advantage of rebates and incentives to pay for energy efficiency improvements.
*Construction oversight. Our team will assist you throughout the construction process, from finding qualified contractors, to reviewing bids, and monitoring installation.
*Annual savings reports. Once your energy efficiency and water conservation upgrades are complete, you’ll receive annual reports showing how much you are saving. If your building is not performing as well as anticipated, we will perform a building tune-up.
Sample Energy Efficiency Investments
Based on a typical centrally heated, 3-story, 24-unit masonry structure with 24,000 square feet of heated space.
| Recommendations | Cost | Annual Savings | Simple payback |
|---|---|---|---|
| Air seal and insulate roof | $15,500 | $4,500 | 3.4 years |
| Replace boiler | $24,000 | $2,020 | 11.9 years |
| Install boiler controls with outdoor reset control | $4,500 | $1,440 | 3.1 years |
| Replace radiator and main line air vents | $2,800 | $850 | 3.3 years |
| Install Compact fluorescent lamps (CFLs) | $160 | $60 | 2.7 years |
| TOTAL | $46,960 | $8,870 | 5.3 years |
TOTAL SAVINGS ON ENERGY COSTS:
5 year total savings: $44,350
10 year total savings: $88,700
15 year total savings: $133,050
Get Started Today!
Contact Ed Love to learn more:
(517) 337-0422 ext. 303
elove@michiganenergyoptions.org