2024 Multifamily incentive updates

2024 Multifamily incentive updates

Multifamily home

Multifamily properties of all sizes can benefit from reducing energy consumption and cutting operational costs. Now there are new ways for property owners and managers to reduce costs. Energy Trust of Oregon recently updated cash incentives for eligible, energy-saving equipment to help make energy upgrades more affordable.

New in 2024, multifamily properties – including affordable housing, assisted living, campus living, market rate apartment buildings, plex properties and townhomes – in Oregon and Southwest Washington may be eligible to receive incentives for the following equipment:

EquipmentIncentiveState Eligibility
Ozone Laundry System
(only eligible for assisted living properties)
$5,000-$30,000 per systemOR and WA
Two-stage Gas Valves on Clothes Dryers$200 per valve WA Only
Air-Cooled Variable Refrigerant Flow (VRF) Multi-Split Ductless Heat Pump$1 per sq ft of area served by VRFOR Only

In addition to new equipment, Energy Trust increased incentives for several equipment types so multifamily properties can save even more in 2024. See below for increased incentives and state eligibility.


EquipmentIncentiveState Eligibility
ENERGY STAR® Refrigerator$70 per unitOR only
ENERGY STAR Commercial Laundry Washer$100-$400 eachOR and WA

Commercial Foodservice Equipment

EquipmentIncentive State Eligibility
Gas-fired Automatic Conveyor Broiler$2,500-$3,500 eachOR and WA
Gas Steam Cooker$3,400 eachOR and WA
Commercial Vent Hood Retrofit with Demand Controlled Ventilation$900-$1,500 per controlled motor hpOR and WA
Double Rack Gas Oven$2,000 eachOR and WA
Commercial Ice Maker$180-$400 eachOR only
Anti-Sweat Heater Controls (ASH)$60-$80 per linear foot or doorOR and WA

HVAC Equipment

EquipmentIncentiveState Eligibility
Packaged Terminal Heat Pump (PTHP)$800 eachOR only
Commercial Condensing Tank Water Heater$3.50 per kBtu/h inputOR and WA
Advanced Rooftop Controls (ARC) - Lite Retrofit$200 per tonOR only
Advanced Rooftop Controls (ARC) - Full Retrofit$300 per ton OR and WA
Condensing Gas Furnace$8.25 per kBtu/hOR and WA


EquipmentIncentiveState Eligibility
Floor Insulation
(only eligible for stacked structures with 5+ units)
$1.90 per installed sq ftOR and WA

Pool and Spa Equipment

EquipmentIncentiveState Eligibility
Commercial Pool Cover$6.00 per sq ft of pool surface areaOR and WA

Increased custom incentives are also available for multifamily properties interested in larger energy-saving projects. Cash incentives for qualified custom energy projects are calculated based on estimated annual energy savings. Customers may be eligible to receive $0.45 per annual kWh saved and $5.00 per annual therm saved. Energy Trust will provide incentives up to 90% of eligible project costs for custom projects.

Additional requirements may apply. To review the incentive process for standard equipment installations or custom projects, including eligibility requirements and steps to complete, please visit the incentive pages below:

For questions or assistance, contact our team of energy advisors by emailing multifamily@energytrust.org or call 1.877.510.2130. Get started today to save energy and money now – and for years to come.