Multi-Unit Residential Buildings
Saving energy in multi-unit residential buildings (MURBs) makes good business sense. Whether your building is a rental property or strata, lower operational costs and higher efficiency buildings means not only greater property valuation but also happier occupants and a reduced environmental impact.
Rental MURBs
The City of New Westminster is collaborating with LandlordBC and FRESCo to help rental apartment buildings access support and funding for energy efficiency and decarbonization retrofits. Multiple program offers are currently available including the Rental Apartment Retrofit Accelerator (RARA) and the new CleanBC Multi-Unit Residential Building (MURB) Retrofit Program.
As part of the City’s commitment to climate resilience, rental apartment buildings who sign up for a free building energy assessment can add on an Energy Save New West funded cooling assessment at no cost to the building owner. The assessment evaluates the building’s current cooling capacity and provides recommendations for cost-effective cooling improvements, helping you prepare for extreme heat events. Interested building owners are encouraged to apply early, as funding is limited and available on a first-come, first-serve basis.
Additional Incentive Programs for MURBs:
Benefits
Benefits to landlords and tenants for participating in the RARA Program are:
May help landlords maximize their ROI by reducing operating costs through energy and water efficient upgrades.
Makes fixture replacement and equipment upgrades easy, saving landlords and their building managers’ time and hassle.
Provides end-to-end service from an expert advisor providing landlords with objective recommendations, and a verifiable business case that will assist them to make informed investment decisions.
Additional Questions?
If you have further questions about the program, please contact FRESCO via email at rara@frescoltd.com or via phone at +1-877-335-7042.
Ready to Get Started?
If you are interested and would like to participate in the program, visit landlordbc.ca/rara for expert guidance and support for your retrofit journey.
Strata MURBs
The City of New Westminster is collaborating with the Zero Emissions Innovative Centre (ZEIC) through the Strata Energy Advisor program to assist strata-owned multi-unit residential buildings (condos) across BC in reducing carbon emissions and improving efficiency through energy upgrades.
When you register, you’ll be assigned an Advisor who will support you throughout all stages of the project, guiding you through best practices.