Quantifying the Financial Benefits of Multifamily Retrofits

Prepared for The National Renewable Energy Laboratory on behalf of the U.S. Department of Energy’s Building America Program.

A report seeking to increase the data and analysis in the growing body of multifamily financial benefits work and to provide a framework for other geographies to produce similar characterization.

Increasing the adoption of energy-efficient building practices will require the energy sector to increase its understanding of the ways that retrofits affect multifamily financial performance and how the lending and appraisal industries interpret those indicators. The U.S. Department of Energy’s Building America research team Partnership for Advanced Residential Retrofit analyzed building, energy, and financial program data as well as other public and private data to examine the relationship between energy-efficiency retrofits and financial performance on three levels: building, city, and community.