Investing in energy efficiency can stimulate the local economy and encourage the development of skilled service markets and workforce. Installing these systems and newer technologies requires skilled labor, creating employment opportunities for local workers and increasing product demand for local distributors. This not only benefits the individuals who are hired for these jobs but also stimulates the local economy by bringing these dollars into the regions where properties are located.
Upgrades that save energy can contribute to a more resilient and overall sustainable community. Since these projects help reduce energy consumption, they lower the strain on the energy grid helping reduce instances of blackouts during heatwaves. Weatherizing multifamily properties can also protect buildings from deterioration caused by outdoor elements, such as precipitation, extreme heat and extreme cold, keeping these communities safe, comfortable and livable in a way that is cost-effective for owners. This can inspire other building owners to invest in the resiliency of their properties which contributes to the overall sustainability of the larger community.