Maine Sets Up $3.4 Million Fund for Multi-Family Retrofits
A new Efficiency Maine program offers incentives for smaller multi-family buildings. The Multifamily Efficiency Program, which was launched in July with a goal of completing 1,800 retrofit projects by September 2013, is available for multifamily residences with 5 to 20 units regardless of income level or fuel type.
This program targets a previously underserved market, bridging a gap between residential buildings with up to four units and larger commercial buildings.
To qualify, owners must have an auditor outline a plan to reduce their building’s total energy consumption by 20 percent.
The first project to tap into the incentives offered under the new $3.4 million Multifamily Efficiency Program is underway. Construction began at an apartment building in Bangor last week and is scheduled to be complete at the end of November.
The apartment retrofits include: adding basement wall and roof insulation, sealing air leaks, installing Energy Star-rated windows, replacing the boiler with a high-efficiency condensing boiler and insulating heating and hot water pipes. The improvements will result in an estimated 32 percent reduction in annual heating fuel oil usage and a 550 kWh reduction in annual electricity demand. Efficiency Maine will provide cash incentives totaling $10,500 toward these efficiency measures, reducing the project payback period from five years to three.
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