Financing green apartment building retrofits
In today’s progressively green society, energy efficiency, sustainability, and eco-friendly features are no longer considered ‘optional’ even if they still cost more than traditional alternatives. Owning and operating an apartment building means understanding the changing industry and striving to be as green as possible. Green, after all, is not only the new standard most tenants expect, but acting on multiple energy-saving opportunities can save property managers bundles down the road.
That said, financing these retrofits can be a daunting and complicated procedure. What is the best place to start? What are the projects worth focusing on, and how quickly will they produce a return on investment? To help simplify the energy-efficiency journey, here are some commonly-asked financial questions answered.
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