Energy efficiency rebates, programs help rental property owners save money

The City of Minneapolis, Xcel Energy, CenterPoint Energy and Minnesota Housing are teaming up to help rental property owners take advantage of programs and rebates to help make their properties more energy efficient. Rental license renewal notices are being mailed to every rental property owner in Minneapolis in the next few days, and property owners will receive special energy efficiency information with their renewal notice.

The City of Minneapolis is committed to ensuring that all properties are safe, healthy environments for residents, and promoting energy efficiency is one way to improve the City's housing stock and help the environment. Working together, the partners are combining their resources to reach out to property owners to help them learn about cost-effective ways to improve energy efficiency.

Government programs and rebates from Xcel Energy and CenterPoint Energy make it easier and more cost-effective than ever to upgrade the energy efficiency of a rental property. There are savings options for all kinds of rental buildings, big or small. There’s also help available to pay for energy efficiency upgrades.

An energy audit can help evaluate a property to find out the best way to make energy efficiency improvements. Options include simple ways to save energy and money on electric and natural gas, ranging from simply replacing light bulbs with compact fluorescent bulbs to making bigger renovations like replacing water heaters or tuning up boilers.

Additionally, Minnesota Housing and Community Action of Minneapolis have grants and loans that qualifying property owners can use to make upgrades. Learn more about how to get started making energy efficiency upgrades, and who to contact.

Published Jul 13, 2010