Greener Homes Saves More Than $400,000 in Annual Energy Costs

Wamesit Place in Portsmouth is one of many affordable housing developments that are saving on energy costs thanks to New Hampshire Housing's Greener Homes Program.

Wamesit Place in Portsmouth is one of many affordable housing developments that are saving on energy costs thanks to New Hampshire Housing’s Greener Homes Program.

Energy updates result in cost savings for property owners, improved housing for renters

Preserve New Hampshire’s affordable housing stock and save energy and cash along the way – that was the original plan for New Hampshire Housing’s Greener Homes Program. One year after completion of the program, energy reports are showing it delivered on its promises by saving participating multi-family properties an average of 36% in energy costs.

Greener Homes provided funding to perform energy audits and make energy-saving improvements to the state’s aging multi-family housing. The goal was that by reducing energy expenditures, owners could stabilize their operating costs. The upgrades, which often would replace fixtures and improve ventilation, would also create an improved living environment for tenants. Funding was provided from federal HOME funds and the Regional Greenhouse Gas Initiative, a regional plan to implement a market-based program to reduce carbon dioxide emissions.

New Hampshire Housing, along with energy engineering company TRC, implemented the program in 2011. Over two years, more than 900 housing units were upgraded with a variety of energy-saving measures such as new windows, new boilers, new roofs, and energy-efficient appliances. While immediate results could be seen in improving the look and feel of the housing units that were retrofitted, the bigger-picture savings are just being seen now.

The energy savings generated from Greener Homes retrofitting will translate into a combined annual savings of more than $400,000 for participating housing developments. The renovations also resulted in reducing greenhouse gas emissions by 1,140 metric tons, which is the equivalent of taking more than 230 cars off of New Hampshire’s roads. Most importantly, hundreds of much-needed apartments were preserved, ensuring that renters in the Granite State can live in these buildings for years to come.

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