Quantifying the Financial Benefits of Multifamily Retrofits

Stacey Rothgeb, D. Philbrick, R. Scheu, L. Brand, Stacey Rothgeb (NREL Technical Monitor)

Research output: NRELSubcontract Report


Increasing the adoption of energy efficient building practices will require the energy sector to increase their understanding of the way that retrofits affect multifamily financial performance as well as how those indicators are interpreted by the lending and appraisal industries. This project analyzed building, energy, and financial program data as well as other public and private data to examine the relationship between energy efficiency retrofits and financial performance on three levels: building, city, and community. The project goals were to increase the data and analysis in the growing body of multifamily financial benefits work as well provide a framework for other geographies to produce similar characterization. The goals are accomplished through three tasks. Task one: A pre- and post-retrofit analysis of thirteen Chicago multifamily buildings. Task two: A comparison of Chicago income and expenses to two national datasets. Task three: An in-depth look at multifamily market sales data and the subsequent impact of buildings that undergo retrofits.
Original languageAmerican English
Number of pages35
StatePublished - 2016

Bibliographical note

Work performed by Partnership for Advanced Residential Retrofit, Des Plaines, Illinois

NREL Publication Number

  • NREL/SR-5500-65082

Other Report Number

  • DOE/GO-102016-4776


  • Building America
  • Chicago
  • cold weather
  • financial data
  • multifamily
  • Parr
  • residential
  • residential buildings
  • valuation


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