Nearly 35% of all properties in America are actually rental properties, and they are considered some of the least energy efficient establishments in the country. We all know that the U.S., as well as the rest of the world, is trying to push green lifestyles and reduce the ever-growing carbon footprint.
One way to make progress in this effort is to begin establishing energy efficient practices in rental properties.
There are so many ways to make a rental property more energy efficient. It will require some upgrades and changes but will ultimately result in substantial utility savings over time. Though some options may be more expensive than others, in the end, your renters and the planet will both benefit. Here are a few of the best ways to do that.
Solar Panels
For highly significant energy cost savings, consider opting for solar panels – the least pollutive way to go green. Recent advancements in solar panel technology have made it more budget-friendly to install a solar network in your rental property. Certain solar installers might even provide discounts or payment options to lower your initial expenses. Additionally, numerous states offer tax deductions for solar energy systems.
Seal Doors and Windows
An immediate improvement you can make to create a more energy efficient property is ensuring the windows and doors in your rental property have proper airtight seals. Air leaks significantly reduce energy efficiency. Applying caulk around door and window frames or using weather-stripping will instantly make your property more energy efficient and allow your renters a comfortable living space.
Update Windows
Modern windows offer exceptional energy efficiency, often blocking both heat and light. If your rental property is an older home, replacing the windows is not only a great idea for energy efficiency but also for your renter’s safety. New windows can also address issues like condensation and moisture damage which is a common and costly repair in rental properties.
Insulation
Insulation is a critical component in ensuring your rental property is energy efficient. Inadequate insulation within walls, attics, and basements can lead to issues like frozen pipes, temperature control problems, and could even reduce the lifespan of your HVAC system.
Different Lighting
At times, boosting energy efficiency can be as simple as swapping out a light bulb. In fact, long-lasting LED bulbs can lead to year-round time and cost savings. Energy efficient lighting is engineered to provide illumination for months or even years, reducing the expense and frequency of replacements.
Lighting is one of those things that won’t have a drawback if you replace lightbulbs with LEDs. Not all renters turn off lights consistently, and this way, you’ll play a significant role in ensuring your property is energy efficient.
Enhancing the energy efficiency of your rental properties may require some time and probably a few significant investments, but with numerous ways to create an energy efficient space, you have a variety of options to plan your process!