A Suite of Energy-Saving Solutions
Stay ahead of the competition with energy improvements that reduce operating costs and attract and retain tenants. Energize Connecticut helps you prioritize improvements and connects you with funding resources to make your projects affordable.
Energy represents 30 percent of the typical office building's operating costs and is a property's single largest operating expense. Building operation and management strategy changes alone can reduce energy use 35 percent1. Reducing energy and operating costs can improve your profit margins, increase funds available for development of new products and services and enhance overall corporate value.
Many organizations with commercial real estate, corporate real estate and multifamily housing units have realized significant energy savings and increases in asset value by investing in energy-saving improvements. For example, reducing energy use by 15 percent in a typical 250-unit master-metered community will increase net operating income and can enhance asset value by over $1 million (using a 6 percent capitalization rate). In a similarly sized individually metered community, these same savings may increase asset value by over $200,000 annually1.
1Source: ENERGY STAR®
How We Help
Your Connecticut properties can take advantage of a number of energy efficiency and renewable energy programs funded through the Connecticut Energy Efficiency Fund and the Clean Energy Finance and Investment Authority. You can benefit from cash incentives and attractive financing options like Commercial-PACE and from the full- service energy efficiency program Small Business Energy Advantage.