Having an energy-efficient home isn’t just a luxury—it’s a necessity today as energy prices continue to rise and tenants prioritize eco-friendly spaces. Renters are looking for properties that allow them to have lower utility bills and protect their health with green and energy-efficient features.
As a landlord, investing in green upgrades for your rental property can enhance its appeal, attract responsible tenants, and save you money in the long run. Here are some effective updates to consider for making your rental property more eco-friendly and energy-efficient.
1. Upgrade to ENERGY-STAR® Appliances
Upgrading to ENERGY-STAR®-rated appliances can significantly reduce energy consumption in your rental property. These appliances are designed to use less electricity and water, which can lower utility bills for your tenants.
From refrigerators to dishwashers and ovens, using ENERGY-STAR appliances in your investment property is an attractive feature that can set your rental apart in a competitive market.
2. Use Low or No-VOC Paints
Volatile organic compounds (VOCs) are harmful chemicals found in many traditional paints and building materials. When choosing paints for your rental property, consider using low or no-VOC options to minimize indoor air pollution.
These paints contribute to a healthier living environment and are an excellent feature to showcase in your rental property listing, as many tenants prioritize homes with minimal VOCs.
3. Replace Light Bulbs With Compact Fluorescent or LED
Replacing traditional incandescent light bulbs with compact fluorescent lamps (CFLs) or light-emitting diode (LED) bulbs is a simple yet impactful change you can make to enhance the energy efficiency of your rental.
LEDs consume up to 90% less energy and have a significantly longer lifespan compared to traditional bulbs. This upgrade not only reduces energy consumption but also saves tenants money on their electricity bills and cuts down on the frequency of bulb replacements.
4. Install Low-Flow Water Fixtures
Water conservation is an essential aspect of green living. Installing low-flow faucets, showerheads, and toilets can reduce water usage without sacrificing performance. They’re also a relatively simple switch to make.
These fixtures can significantly lower utility bills for tenants, allowing them to use less water, and demonstrate a commitment to sustainability in your property.
5. Invest in a Programmable or Smart Thermostat
A programmable thermostat allows tenants to set their heating and cooling systems according to their schedules, leading to less energy waste. These devices help conserve energy and maintain a comfortable living environment by automatically adjusting the temperature when no one is home.
A programmable or smart thermostat also allows tenants to set schedules for vacations or weekends away, allowing them to use less energy while preventing strain on your property’s HVAC system—a win-win for everyone.
6. Consider Solar Panels
If you haven’t made the switch to solar, there’s never been a better time to do so. With rising energy prices, installing solar panels can provide long-term savings and sustainability benefits.
Having an investment property with solar energy can attract eco-conscious tenants interested in reducing their carbon footprint and saving money on energy bills.
Depending on state incentives and tax credits, the installation could pay for itself in less time than you think by substantially reducing energy bills.
7. Use Low or No-VOC Carpet or Flooring
Like paint, flooring materials can also be a source of VOCs. While traditional carpeting and vinyl tend to be the worst for off-gassing VOCs, you can choose alternatives such as:
- Ceramic tile or natural stone
- Hardwood or engineered hardwood
- Low or no-VOC carpeting made with natural materials such as wool
- Luxury vinyl plank (LVP) or linoleum
Sustainable flooring options, such as bamboo or recycled materials, are increasingly popular and can attract tenants willing to pay a premium for eco-friendly features.
8. Ensure Proper Insulation and Reduce Air Leaks
Insulation is an aspect property owners often overlook when it comes to energy efficiency. A well-insulated property is crucial to improving thermal comfort and reducing energy costs. Inspecting insulation in the attic, walls, and basement can reveal areas needing improvement.
It’s also essential to seal air leaks around windows and doors with weather stripping or caulking to help maintain temperature and improve overall energy efficiency. These efforts not only create a more comfortable living space but also provide significant savings on heating and cooling.
Ready to Go Green? Contact FAS Management Today
Ready to boost your rental property’s appeal and efficiency? FAS Management can help you implement these green upgrades, attracting eco-conscious tenants and reducing long-term costs. Don’t miss out on the benefits of a greener, more profitable rental. Contact FAS Management today at (202) 337-5080 to discuss how we can transform your property into an energy-efficient investment.
