The Ann Arbor Office of Sustainability and Innovations and DTE Energy are piloting a new program that offers up to $1 million in incentives for multifamily rental property owners looking to invest in energy efficiency upgrades.
The program, called Insulate Ann Arbor, focuses specifically on insulation and air sealing upgrades. Insulate Ann Arbor provides up to $75,000 or 50% of total project costs (whichever is lower) per multifamily rental property. Income-qualified property owners may expect rebates up to $250,000 or 90% of total project costs (whichever is lower) per rental property.
“This came out of the new Sustainable Heating Franchise that was signed between the city of Ann Arbor and DTE Energy,” says Joe Lange, a senior energy analyst with the city’s Office of Sustainability and Innovations. “There were a couple of different programs and initiatives that came through, and one of them was a commitment to establish some sort of energy efficiency funding for rental properties.”…