GLRPPR Sector Resource: Valuing Energy Efficiency in Multifamily Housing
Valuing Energy Efficiency in Multifamily Housing
Continental Plaza is a 1950s building that provides 164 affordable, one-bedroom apartments for seniors. To fulfill the U.S. Department of Energy's Better Buildings Challenge, Hispanic Housing Development Corporation formed Affordable Community Energy, a unique mission-driven energy services company model. Through lighting, HVAC, solar photovoltaic, combined heat and power, and water conservation upgrades, ACE helped Continental Plaza reduce its 2014 utility costs by over $47,000--cutting its energy bill by 23 percent and its water bill by nearly 5 percent. Retrofit measures resulted in over $784,000 in potential added property value.
Institute for Market Transformation
Case study/success story
Date of Publication:
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