.png)
Is Your Property Ready for the Carbon-Free Future?
Meeting California’s ambitious climate goals requires more than simply installing windows and thermostats. As a major contributor of greenhouse gas emissions in California, over 14 million housing units are about to undergo a radical transformation of their energy infrastructure. Yet if you're like many real estate investors, your properties are not ready. Aging equipment may already be costing you big-time in high energy bills, frequent breakdowns, emergency repairs, and resident complaints. Moreover, newer equipment will become obsolete before you know it, as today’s technologies are rapidly phased out.
Here’s why taking steps to modernize your California properties is so important….
Banning Natural Gas
50+ municipalities have placed restrictions on new natural gas connections and a statewide ban on the sale of natural gas-fired space-heating and water-heating appliances will go into effect by 2030.
Skyrocketing Utility Rates
California’s energy rates are among the highest in the country, driven by clean energy and electrification mandates as well as utility investments in system modernization.
Unhealthy Air Quality
Gas appliances such as furnaces and water heaters produce carbon monoxide, nitrogen oxides, ultrafine particles, and other toxic air contaminants that have been linked to acute and chronic health effects, including respiratory illness, cardiovascular disease, and premature death.
Changing Renter Preferences
82% of renters aged 22-35 say that environmentally-friendly apartment buildings are influential in where to rent. 45% of prospective renters ask leasing agents about EV charging.
Combat Climate Change
As a real estate investor responsible for many properties, you are uniquely positioned to make smart energy choices that will actually make a difference in curbing climate change.